Financial Giant Warns: Traditional Sectors Overlook Enormous Transaction Volume of Bitcoin
Publication Time:2024-08-22 13:31:07
One of the leading figures in the financial sector, CEO Jenny Johnson of Franklin Templeton, recently shared her insights at the Wyoming Blockchain Conference, emphasizing the importance of Bitcoin as a digital asset and its potential impact on traditional financial sectors. Johnson mentioned that 30% of her work time is dedicated to studying disruptive technologies, especially digital assets and artificial intelligence, to prepare for the company's future development. She specifically highlighted that the transaction volume of Bitcoin is astonishing, with a total transaction value of $36.6 trillion in 2023, which far exceeds the combined total transaction volumes of Mastercard ($9 trillion) and Visa ($14.8 trillion). Johnson pointed out that despite the immense potential of Bitcoin, traditional financial industries seem to have only scratched the surface in understanding it, being almost oblivious to its transaction volumes and amounts. She warned that the entire financial ecosystem might be overlooking a parallel and equally massive ecosystem alongside Bitcoin, indicating possible blind spots in traditional financial sectors when facing emerging technologies.
Bitcoin
digital assets
traditional finance
transaction volume
Financial Giants