Franklin Templeton CEO Criticizes Bitcoin, Highlights Blockchain Potential

According to BlockBeats, Franklin Templeton CEO Jenny Johnson expressed her views at the SALT Conference in Jackson Hole, Wyoming, describing Bitcoin as a "fear currency" that distracts from the true potential of blockchain technology. Johnson emphasized that the most promising investment opportunities in the crypto sector lie in blockchain infrastructure, including blockchain networks, consumer applications, and node validators. She anticipates that mutual funds and ETFs will eventually operate on blockchain platforms, although regulatory risks remain the primary obstacle to this transition. She highlighted that for active investment managers, the transparency provided by validators could be a "game-changer."