The American giant Franklin Templeton also falls under the spell of bitcoin (BTC)

Bitcoin (BTC) has always enjoyed strong interest from investors. Many analysts do not hesitate to declare their flame for crypto. Asset management company Franklin Templeton is also interested in the Bitcoin blockchain and plans to invest heavily in its cryptocurrency.

Franklin Templeton under the spell of Bitcoin

Known as one of the largest asset management companies, the American organization Franklin Templeton embarked on Polygon, Ethereum’s Layer 2 platform last May. Obviously, she does not intend to stop there. Evidenced by a revelation of Sandy Kaul during a interview given to the podcast Wolf Of All Streets.

At the turn of the interview, the senior vice-president confided in the beginnings of the American giant in the ecosystem of digital assets. She said the company was impressed with bitcoin, but especially the bitcoin blockchain and decided to experiment with it for operational efficiency of its businesses and to save money.

Franklin Templeton therefore multiplied the research and even created a multicoin wallet. She has also invested in various crypto ventures through a venture capital fund she established in 2021. Sandy Kaul also revealed that Franklin Templeton plans to better understand the Bitcoin network and operates a node to achieve this. END.

Interest that goes beyond bitcoin (BTC)

During the interview hosted by Scott Melker, Sandy Kaul also claimed that Franklin Templeton’s interest in cryptos is not limited to bitcoin (crypto). For this, the eponymous blockchain presents many opportunities that investors should take advantage of.

“I think one of the problems we have right now is that people get too fixated on bitcoin and often don’t think about the wider ecosystem…Bitcoin is a huge innovation, and we think it’s going to there will be huge opportunities in the future,” she said.

Sandy Kaul further predicted that an increase in the number of institutional investors interested in bitcoin and altcoins is imminent. For her, institutional involvement will be beneficial for cryptocurrencies which can finally see new highs after the bear market.

She is a firm believer in rising crypto prices and has said, “I know they don’t care about the price. If you’ve seen bitcoin hit $69,000 and you see it at $15,000, you know it can hit $69,000 again.”

The Franklin Templeton company therefore once again proves its clear interest in cryptocurrencies. A choice that may surprise Peter Schiff, the no-coiner who does not carry bitcoin in his heart and who has already predicted the fall of crypto more than once.