Franklin Templeton CEO: Bitcoin demand will surge as large institutions begin to actively participate
On June 6th, Franklin Templeton CEO Jenny Johnson stated that since its launch in January of this year, the Bitcoin ETF has received a large influx of funds, totaling $14.8 billion. This, in turn, has driven the price of Bitcoin up 60%, reaching a new high of $73,787. Despite recent stabilization in demand, she predicts that with large institutions beginning to participate more actively, demand will skyrocket. The next wave of Bitcoin adoption may be driven by professional fund managers who include Bitcoin in diversified investment portfolios.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitget Launches PLUME On-chain Earn With 4.5% APR
Bitget Trading Club Championship (Phase 2) – Grab a share of 50,000 BGB, up to 500 BGB per user!
Bitget Trading Club Championship (Phase 2) – Grab a share of 50,000 BGB, up to 500 BGB per user!
Subscribe to UNITE Savings and enjoy up to 15% APR
Trending news
MoreCrypto prices
More
