Best Crypto investment ideas according to the CEO of $ 1.6T Asset Manager Franklin Templeton
Bitcoin
Besides, the best crypto investment is the “picks and shovels,” according to the CEO of $ 1.6 trillion asset manager Franklin Templeton.
Jenny Johnson, the head of the manager’s third generation, spoke at a salt conference at the Jackson Hole, Wyoming on Tuesday, doubling what in his opinion would be the biggest case of use of blockchain technology and where investors should put their money on.
In his view, Bitcoins act as a “afraid of money” – a financial shelter for people in countries where governments can hinder access to funds or where national currencies are losing their value over time. But despite its appeal to those situations, he sees it as a chaos.
Bitcoin, he argued, was the “greatest chaos for one of the greatest interruptions that would come to financial services.”
That disruption, he said, lies in the underlying infrastructure – not in the digital assets themselves, but in the systems that support them. That is where he believes the capital should be focused.
“Picks and shovels are the baseline of strong, layered apps,” Johnson said. “I like the railroads as a starting point,” he added, referring to blockchain networks. “Then there are some great consumer apps that come out that I think are really exciting.”
He also sees the promise in the role of validators, the entities that maintain blockchain networks. For active investment managers, they can offer a new layer of transparency and a “game changer”.
“Just think of seeing public equity all the transactions entering and out of that company and how much information you provide,” he said.
Johnson led the firm management firm to digital assets after obtaining his family company in 2020. Under his leadership, the firm launched several products exchanged by Crypto and introduced the Onchain US Government Market Fund, a tokenized investment vehicle.
He expects financial products such as each other’s funds and ETFs that eventually move to blockchains, where they can work better and at lower cost. But so far, the regulation remains “largest inhibitor” in that transfer, he said.
Part of the hesitation, he added, came from the thin number of digital assets that were likely to fail – a level of risk regulators were not ready to manage.
