According to the CEO of Franklin Templeton, Bitcoin is an alternative to the current economic situation

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Last Updated on August 13, 2022 by Bitfinsider

Many people are reacting in various ways to the current state of Bitcoin and the global economy. The US has reported negative GDP for two consecutive quarters, prompting the Fed to raise interest rates. Though some claim that there is no inflation, its effects are gradually becoming apparent.

Jenny Johnson, President and CEO of Franklin Templeton, has expressed her thoughts on the current global economic situation. While the financial situation is dire, Johnson believes Bitcoin is the best distraction.

During a recent interview, CEO Johnson expressed her thoughts. She stated that the current economic situation is causing a disruption.

In her opinion, it is the best thing that has ever happened to financial institutions. Although many people regard Bitcoin as digital gold and an asset that can be used to hedge against inflation, Johnson holds a different opinion. To her, BTC is simply a consumer distraction from all of their current financial problems.

Furthermore, the CEO is skeptical that governments will make Bitcoin a dominant asset for foreign exchange. She stated that it was impossible for that to happen because numerous arguments would erupt.

When it comes to blockchain technology, the CEO has an impressive selection. She referred to it as the sports revolution, claiming that it will have a positive impact on all industries.

Johnson insisted that Franklin Templeton continues to provide cryptocurrency services to its clients. Furthermore, the company has no plans to discontinue such service options at this time. Franklin Templeton is a multinational holding company based in the United States. It has a number of subsidiaries. It was established in 1947 in New York City as a global investment firm.


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Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.


Hardware wallets are safe and secure devices that can be used offline. They keep your cryptocurrency offline, making it impossible for you to be hacked. To find out more on the leading hardware wallets, you may view our reviews here: Ledger & Trezor
Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.

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