Franklin Templeton CEO: Traditional finance underestimates the huge scale of Bitcoin
2024-08-22 05:22
Odaily News Franklin Templeton CEO Jenny Johnson said at the Wyoming Blockchain Symposium in Jackson Hole that 30% of her day job is spent researching disruptive technologies because her main focus is positioning the company for the next generation, which includes digital assets, which Johnson believes is one of the two obvious trends she doesn't want to miss (the other is artificial intelligence). "What's crazy to me is that in the traditional financial world, they don't know the amount and volume (of Bitcoin)," Johnson added. In 2023, Bitcoin processed more than $36.6 trillion in transactions, far exceeding Mastercard ($9 trillion) and Visa ($14.8 trillion). Johnson believes that the traditional financial world knows almost nothing about Bitcoin and its huge transaction volume, and "the entire ecosystem has almost ignored a parallel, huge ecosystem." (CoinDesk)
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