Franklin Davenport CEO of Fulandong Bitcoin Demand to Surge as Large Institutions Get Involved

In a recent statement, Jenny Johnson, CEO of Franklin Templeton, said that since its launch in January this year, the Bitcoin ETF has attracted a significant influx of funds, totaling $14.8 billion. This, in turn, has driven the price of Bitcoin to a new high of $73,787, a 60% increase. Despite recent stabilizing demand, she expects that with large institutions beginning to actively participate, the demand will surge. The next wave of Bitcoin adoption may be driven by professional fund managers incorporating Bitcoin into diversified investment portfolios.