Bitcoin
Apart, the best investment in crypto is its “selection and shovel”, according to the CEO of $ 1.6 billion assets, Franklin Templeton.
Jenny Johnson, the leader of the third generation manager, spoke at the Salt Conference in Jackson Hole, Wyoming on Tuesday, doubling what the greatest cases of use of blockchain technology will be in her opinion and where investors should put their money.
In his opinion, Bitcoin works as a “fear currency”, a financial refuge for people in countries where governments can block access to funds or where national currencies lose value over time. But despite her appeal in those scenarios, she sees it as a distraction.
Bitcoin, argues, is the “greatest distraction for one of the greatest interruptions that is reaching financial services.”
That interruption, he said, lies in the underlying infrastructure, not in the digital assets themselves, but in the systems that support them. That’s where it believes that capital should be focused.
“The selections and blades are the baseline of strong and layer applications,” said Johnson. “I like rails as a starting point,” he added, referring to Blockchain Networks. “Then there are some excellent consumption applications that are coming out that I think they are really exciting.”
It also sees promise in the role of validators, entities that maintain blockchain networks. For active investment administrators, they could offer a new layer of transparency and are a “change of play.”
“Just imagine seeing in public capital all transactions that enter and leave that company and how much information they provide,” he said.
Johnson led to the asset management firm to digital assets after taking care of his family’s company in 2020. According to his leadership, the firm has launched multiple credit products with cryptocurrencies and introduced the US Government Mercado Fund.
She hopes that financial products such as mutual funds and ETFs eventually move to Blockchains, where they could operate more efficiently and lower cost. But for now, the regulation remains the “greatest inhibitor” of that change, he said.
Part of the hesitation, he added, comes from the large number of digital assets that will probably fail: a level of risk regulators is not yet prepared to administer.
