Bitcoin is the Best Distraction From the Current Financial Collapse, Says Franklin’s CEO

Jenny Johnson, President and Chief Executive Officer at Franklin Templeton, believes that the current economic situation is very dire. Bitcoin is therefore “the best distraction” to this downfall. She also highlighted blockchain technology as an innovative innovation that will positively affect different industries in the future.

Franklin Templeton was established in 1947 and has over $1.5 trillion in assets under management. The company offers cryptocurrency options as well as traditional financial services.

Johnson’s view on Blockchain Technology and Bitcoin Technology

Jenny Johnson, a recent interviewee, described the current economic situation as “the greatest disruption I see occurring for monetary providers at the moment.” She believes that bitcoin, which is often referred to as a hedge against inflation or digital gold, could distract consumers.

Johnson doesn’t think that governments will allow BTC to become a dominant foreign currency option.

She argued that it was more like faith and people will debate it.

The CEO believes that blockchain technology is the true “sport changer”, as it will positively impact almost all industries in a “fairly dramatic” manner.

Johnson stated that Franklin Templeton continues to provide cryptocurrency services to its customers and had no plans to stop providing them.

Jenny Johnson Source: CityWire

The Disaster Itself

Since the beginning of the COVID-19 epidemic, the world has been in turmoil. The disease caused financial chaos and caused millions to lose their lives.

Numerous central banks, most notably the US Federal Reserve, began printing huge amounts of fiat currency in order to keep the economy afloat during the crisis. Two years later, however, this combined with many other factors led to an increase in inflation rates in nearly every country around the world.

When Russian troops launched a “special military operation” against Ukraine in 2022, the situation got worse. Nearly 25% of Ukrainians fled their war-torn homeland to seek refuge abroad after the clash between the two countries.

The West, led by the USA, blamed Russia for the aggression. They also stopped monetary connections with the largest country in the world by landmass. Under the pretext that they were part of Putin’s inner circle, billionaires and oligarchs from Russia were also sanctioned.

Russia, for its part, stopped gas delivery to certain European countries. Many of these states have no alternative energy sources. One factor driving higher electricity prices is that energy costs lead to an increase in the price of almost all other goods. It’s clear that there is a lot of work ahead.

CryptoPotato’s CEO, Franklin, said that Bitcoin is the best distraction from the current financial collapse.

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Marla Brooks

Marla Brooks – Financial Analysis My name is Marla Brooks, and I am the mainstream behind the””  for the powerful and most delicate insights into the latest activities in the financial analysis category. I started my journey as an independent financial consultant. I had approximately nine years of experience in this field. I am free soul so; my passion for exploring the world has taken me to the nations across the globe and given me the chance to report for a portion of the best news associations. Currently, I am a full-time editor as experienced in finance and started to use my abilities.

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