Franklin Templeton, the issuer of the recently launched Franklin Bitcoin ETF (EZBC), took to X to share some crypto market insights. The digital assets research team of the asset manager has a take on the current state and future of cryptocurrencies.
Franklin Templeton emphasized the significance of private blockchains. They described them as a ‘reinvention of intermediaries in the financial sector.’ This perspective suggests a shift in the traditional roles played by financial middlemen.
The investment company said in a post on X, “We believe as blockchains improve in fees and performance, the potential use cases that are unlocked grow exponentially. Improving the economics and experience for the end user cannot be overstated.”
Crypto ‘speculation is a feature’
The team also touched on the inherently speculative nature of cryptocurrencies, stating that speculation is not just an incidental aspect but a core feature of the crypto market.
“In crypto, speculation is a fe
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