Blockchain is ‘trying to address very large TAMs’: Roger Bayston
- Roger Bayston expects crypto investors to eventually be rewarded.
- He’s bullish on blockchain as it sits at the heart of a digital economy.
- Bayston is the Head of Digital Assets at Franklin Templeton.
Roger Bayston remains constructive on crypto even though the U.S. SEC has recently sued both Binance and Coinbase for violating securities laws.
Roger Bayston’s view on cryptocurrencies
The Head of Digital Assets at Franklin Templeton Investments is convinced that crypto investors will eventually be rewarded for their patience through the current volatility and uncertainty.
As regulatory environment becomes clear, there’ll be continued innovation in these software protocol development platforms … don’t expect it to end just at Bitcoin and Ethereum.
Franklin Templeton is behind two blockchain investment funds and a consumer app that enables browsing tokenised securities and cryptocurrencies.
It has also launched the OnChain U.S. Government Money Market – a registered mutual fund on two blockchains (Polygon and Stellar).
Blockchain is central to digital economy
Bayston is bullish primarily because he sees big future for the digital and data-driven economy – and the blockchain technology sits right at the heart of it.
Over time, he’s confident that it will transform capital markets as well as asset management. Speaking with CNBC this morning, the Franklin Templeton expert also said:
These protocols are trying to address very large TAMs where there’s application for these public databases that help reduce friction of one database not being the exact copy of another.
Also on Monday, top crypto analyst – Rekt Capital said BTC is positioned for further downside ahead (read more).
