Franklin Templeton CEO: Crypto Investments Should Focus on Infrastructure, Not Bitcoin

According to a report by Jinse Finance, Jenny Johnson, CEO of Franklin Templeton, which manages $1.6 trillion in assets, stated at the SALT conference in Jackson Hole, Wyoming, that Bitcoin is a "currency of fear" and, in her view, distracts people from the true potential of blockchain. She believes that the most worthwhile investment direction in the crypto space is blockchain infrastructure, including blockchain networks, consumer applications, and node validators. Johnson anticipates that mutual funds and ETFs will gradually operate on the blockchain in the future, but regulatory risks remain the biggest obstacle to this transformation. She emphasized that for active investment managers, the transparency provided by validators could be a "game changer."