Franklin Templeton Confirms There's a Huge Demand For Bitcoin
The trillion-dollar asset manager Franklin Templeton acknowledged that there’s a huge demand for Bitcoin. The CEO of Franklin Templeton Jenny Johnson revealed that their clients are closely watching Bitcoin for an entry position. The asset manager holds $1.33 trillion under management from institutional clients across all sectors. Johnson explained that clients differentiate between Bitcoin and blockchain technology, and BTC is the sole cryptocurrency that’s driving demand. Also Read: BRICS: 150 Countries To Pay Chinese Yuan, Not USD for Loan Repayment? “I think it’s important that we differentiate Bitcoin and blockchain. I think that there’s a demand for Bitcoin. It has its own use case, and that’s why you’re seeing these ETFs,” she said. Johnson confirmed that Spot Bitcoin ETFs could unlock non-traditional financial assets and introduce BTC to their clients. New financial assets such as Bitcoin drive demand and could spike BTC’s price after the Spot ETF ...