Golden Financial reported that Jenny Johnson, CEO of Franklin Templeton, which manages assets of $1.6 trillion, stated at the SALT conference in Jackson Hole, Wyoming, that Bitcoin is a “fear currency.” In her view, it distracts people from the true potential of Blockchain. She believes that the most worthwhile investment direction in the encryption field is blockchain infrastructure, including blockchain networks, consumer applications, and node validators. Johnson expects that in the future, mutual funds and ETFs will gradually operate on-chain, but regulatory risks remain the biggest obstacle to this transformation. She emphasized that for active investment managers, the transparency provided by validators could bring about a “game-changing” situation.
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