Jenny Johnson,(BEN), said that she holds bitcoin , ether , uniswap and sushi in her portfolio.
She said the investments are “small for her overall portfolio.”
“They’re all standard: ethereum, a little bitcoin, SushiSwap, Uniswap. I have a couple of different things like that,” she said. Johnson has spoken bullishly about the prospects of blockchain technology in disrupting the financial system but referred to bitcoin as adistraction” from this.
“I can tell you, if bitcoin ever became so big that it became a threat to the U.S. dollar as the reserve currency, the U.S. would limit … the use of bitcoin,” she said at CoinDesk’s Consensus Festival in April this year. “Currencies are very important for governments … to manage their economies. They will not cede their currency to this concept of a global currency.”
Johnson added that a spot bitcoin exchange-traded fund (ETF) would be a better way of gaining bitcoin exposure than direct investment.
“But I think bitcoin has some challenges. It’s hard to anchor to any kind of investment thesis,” she said .” It tends to be a risk-on/risk-off type of asset. You just want to ensure clients are responsible in allocating bitcoin.”
Franklin Templeton, which has around $1.5 trillion in assets under management, offers an(FOBXX), supported on Stella and Ethereum layer 2 blockchain Polygon.
The firm did not immediately respond to CoinDesk’s request for further comment.
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