The CEO of Franklin Templeton, one of the largest hedge funds in the world, praised Bitcoin and its capabilities as a store of value asset.
During an appearance on CNBC's Squawk Box, Jenny Johnson spoke about the many advantages of investing in Bitcoin, currently the cryptocurrency with the largest market capitalization in the world.
According to Johnson, Bitcoin is much more than just a new form of digital money. He stressed that the market-leading cryptocurrency has become a fundamental part of the economy, transforming into a safety net for countries that have unstable political or economic conditions.
Johnson, Bitcoin believer
The CEO of Franklin Templeton, which manages more than $1,6 trillion in funding, revealed that she had become a Bitcoin believer when a person in Israel told her that he had lost a large part of his savings due to the government confiscating his funds. That person told Johnson that he was now using Bitcoin and that this asset was considered a security component for the store of value.
Johnson praised the capabilities of Bitcoin, which his company now offers through an exchange-traded fund.
Franklin Templeton is one of the fund issuers that was authorized this month by the Securities and Exchange Commission to launch a Bitcoin spot ETF, an investment instrument that the crypto community has been waiting for for more than 10 years.
Through these investment funds, Johnson explained, investors can access or gain exposure to the appreciation potential of cryptocurrency, without assuming the technical complexity that self-custody entails.
However, Johnson also stressed that Bitcoin's potential goes beyond being a form of digital money and that the cryptocurrency plays a key role in the future of blockchain technology.
Blockchain technology enthusiast
Johnson is particularly enthusiastic about blockchain technology, believing that it can improve the efficiency of existing financial instruments and the economic and financial system in general. His company, Franklin Templeton, has repeatedly reaffirmed its commitment to developing blockchain technology to transform financial processes.
Johnson said blockchain can simplify access to private markets, reduce the complexities of transactions and facilitate various transactions specific to these markets, such as the transfer of asset ownership.
In addition to this, Franklin Templeton's CEO has highlighted the capabilities of blockchain technology to mitigate the risk of fraud and market manipulation, improving efficiency and increasing the speed of transactions and processes in general.
Last week, following the approval of Bitcoin ETFs in the US, Johnson claimed he had set a picture of laser eyes as his mobile phone wallpaper. Last month he had claimed to keep his investment portfolio diversified with an allocation to several cryptocurrencies, including BTC.
Johnson also took the opportunity to remind that the main focus of his investment company is innovation and that it will continue to promote the development of this technological disruption and its integration into the company, as its next step in evolution.
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