{"id":25105,"date":"2023-12-18T01:15:03","date_gmt":"2023-12-18T01:15:03","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/asset-manager-franklin-templeton-envisions-bitcoin-in-every-national-treasury\/"},"modified":"2023-12-18T01:15:03","modified_gmt":"2023-12-18T01:15:03","slug":"asset-manager-franklin-templeton-envisions-bitcoin-in-every-national-treasury","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/asset-manager-franklin-templeton-envisions-bitcoin-in-every-national-treasury\/","title":{"rendered":"Asset Manager Franklin Templeton Envisions Bitcoin in Every National Treasury"},"content":{"rendered":"

(Originally posted on : Crypto News – iGaming.org )<\/b>
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Sandy Kaul, a strategist at Franklin Templeton, discussed his view on Bitcoin\u2019s future in a new interview on Natalie Brunell\u2019s YouTube channel. Kaul, who leads the digital asset and industry advisory services at Franklin Templeton, believes that Bitcoin could become a fundamental element in national treasuries and international trade.<\/p>\n

Kaul pointed out that Bitcoin is already gaining traction among nations, especially less-developed ones. These countries are beginning to leverage Bitcoin to enhance their economic competitiveness. \u201cYou\u2019re starting to see even this play into less-developed nations wanting to play on a more equal playing field by combining some of their buying power around Bitcoin<\/a>,\u201d<\/em> Kaul explained.<\/p>\n

The strategist further argued that Bitcoin might outperform central bank digital currencies (CBDCs) in terms of efficiency for national treasuries. Kaul emphasized the simplicity and universality of Bitcoin transactions, which could simplify cross-border trades. \u201cBitcoin payments [can be] facilitated more easily than through foreign exchange conversions that need to happen to enable cross-border trades today,\u201d<\/em> Kaul stated.<\/p>\n

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I do still think that the potential to see [BTC] used as the base unit of international trade exists. At a minimum, you\u2019re going to see it used for certain types of trade and that means that every country is going to have to hold some reserves.<\/p>\n<\/blockquote>\n

Kaul sees a future where countries might use Bitcoin as the primary unit for international trade. This shift would require countries to hold Bitcoin reserves, integrating it into the traditional banking system. Kaul expressed that Bitcoin\u2019s global nature and detachment from government policies might make it more appealing for international trade.<\/p>\n

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177% up to 5BTC + 77 Free Spins<\/strong>!<\/strong> <\/p>\n

New players only. Exclusive Welcome Bonus of 177% + 77 Free Spins <\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

Recently, Franklin Templeton Investments\u2019 CEO Jenny Johnson, managing $1.33 trillion, expressed confidence<\/a> in Bitcoin\u2019s unique use case and the pursuit of a Bitcoin ETF, awaiting SEC approval.<\/p>\n

As of now, Bitcoin\u2019s value stands at $41,363, as per CoinMarketCap<\/a> data.<\/p>\n<\/p><\/div>\n

Source link <\/a>
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(Originally posted on : Crypto News – iGaming.org ) Sandy Kaul, a strategist at Franklin Templeton, discussed his view on Bitcoin\u2019s future in a new interview on Natalie Brunell\u2019s YouTube channel. Kaul, who leads the digital asset and industry advisory services at Franklin Templeton, believes that Bitcoin could become a fundamental element in national treasuries […]<\/p>\n","protected":false},"author":5,"featured_media":25106,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/25105"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=25105"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/25105\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/25106"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=25105"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=25105"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=25105"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}