BlockBeats news, on August 20, Jenny Johnson, CEO of Franklin Templeton with assets under management of $1.6 trillion, stated at the SALT conference in Jackson Hole, Wyoming, that Bitcoin is a 'fear currency,' and in her view, it diverts attention 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 expects that in the future, mutual funds and ETFs will gradually operate on the blockchain, but regulatory risks remain the biggest obstacle to this transformation. She emphasized that for active investment managers, the transparency provided by validators could bring a 'game-changing' shift.
