Franklin Templeton CEO: Bitcoin Demand Will Surge as Large Institutions Begin Active Participation
June 6th news, Franklin Templeton CEO Jenny Johnson recently said that since its launch in January this year, Bitcoin ETFs have received a large amount of capital inflows, totaling $14.80 billion. In turn, it has pushed the price of Bitcoin up 60% to a new high of $73,787. Although demand has leveled off recently, she expects a surge in demand as large institutions begin to participate more actively. The next wave of Bitcoin adoption is likely to be driven by professional fund managers who include Bitcoin in their diversified portfolios.