Franklin Templeton CEO Urges Shift to Crypto Infrastructure
Franklin Templeton CEO Jenny Johnson urged investors to reallocate capital from Bitcoin to crypto infrastructure at the SALT conference. She emphasized that investing in crypto infrastructure components offers more sustainable returns than bitcoin speculation. These components include blockchain rails, consumer apps and node validators. Since taking the helm in 2020, the $1.6 trillion asset manager has launched multiple crypto ETPs and the OnChain U.S. Government Market Fund as tokenized products. Johnson predicts that mutual funds and ETFs will migrate on-chain for greater transparency and lower costs, once regulatory frameworks improve. She warned regulatory risk remains the main hurdle for tokenized financial products.
Bearish
Johnson’s call to shift capital away from Bitcoin toward crypto infrastructure could weigh on Bitcoin demand. In the short term, traders may reallocate funds, applying downward pressure on BTC prices. Over the long term, improved blockchain rails and tokenization could strengthen the broader ecosystem but still reduce speculative inflows into Bitcoin itself, making this news bearish for BTC.