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.
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