Franklin

Cryptocurrency

United

Bitcoin ETF

Bitcoin

<div class="finbold">
 <p class="paragraph">Franklin Templeton is a global investment firm that recently launched one of the new Bitcoin ETFs in the United States. Notably, the company added laser eyes in its profile picture, demonstrating full support and commitment to Bitcoin (BTC).</p>
 <p class="paragraph">However, further actions raised criticism of the tribe called Bitcoin maximalists, who first started using the laser-eyes meme. This happened after the <a rel="noopener noreferrer nofollow" title="giant" href="https://thebittimes.com/tag/giant.html">giant</a> showed enthusiasm with Ethereum (ETH) and Solana (SOL) in a recent series of posts on X (formerly Twitter).</p>
 <p class="paragraph">Moreover, Franklin Templeton also mentioned a “massive potential” for other layer-1 blockchains besides Bitcoin, Ethereum, and Solana. Mentioning they would be monitoring and supporting these networks as they “grow and mature.”</p>
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    <p lang="en" dir="ltr">Other L1s outside of BTC, ETH, SOL have massive potential, and we are continuing to support, monitor, and develop on these networks as they grow and mature</p>— Franklin Templeton (@FTI_US) January 17, 2024
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 <p class="paragraph">Laser-eyes Bitcoin maximalists are mostly known for self-described and praised toxic behavior against the support of any other cryptocurrency that is not BTC. The meme means they have a laser focus on Bitcoin and Bitcoin alone, considering everything else a financial scam.</p>
 <h2 class="wp-block-heading" id="h-franklin-templeton-to-support-multiple-cryptocurrencies">Franklin Templeton to support multiple cryptocurrencies</h2>
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 <p class="paragraph">In the meantime, Franklin Templeton demonstrated a willingness to support solid projects in the cryptocurrency market, including BTC, but not limited to it.</p>
 <p class="paragraph">Starting with ETH, the <a rel="noopener noreferrer nofollow" title="giant" href="https://thebittimes.com/tag/giant.html">giant</a> showed excitement about Ethereum’s Web3 ecosystem despite what they called a “midlife crisis.”&nbsp;</p>
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    <p lang="en" dir="ltr">We are excited about ETH and its ecosystem. Despite the midlife crisis it's recently experienced, we see a bright future with many strong tailwinds to push the Ethereum ecosystem forward<br>-EIP 4844<br>-Alt DA<br>-Community Revitalization<br>-Restaking</p>— Franklin Templeton (@FTI_US) January 17, 2024
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 <p class="paragraph">Second, the U.S. subsidiary backed Solana as a “powerful use case of decentralized blockchains,” impressed by the networks’ activity.</p>
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    <p lang="en" dir="ltr">On Solana, we see Anatoly’s vision of a single atomic state machine as a powerful use case of decentralized blockchains, lowering information asymmetry. And we are impressed by all the activity seen on Solana in Q4 2023<br>-DePIN<br>-DeFi<br>-Meme coins<br>-NFT innovation<br>-Firedancer</p>— Franklin Templeton (@FTI_US) January 17, 2024
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 <p class="paragraph">Additionally, Franklin Templeton’s X account manifested their vision for the future of blockchains and cryptocurrencies:</p>
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  <p class="paragraph">“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.”</p> <cite>— Franklin Templeton (@FTI_US)</cite>
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   Franklin Templeton manifest. Source: <em>X (@FTI_US)</em>
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 <p class="paragraph">In conclusion, the investment <a rel="noopener noreferrer nofollow" title="giant" href="https://thebittimes.com/tag/giant.html">giant</a> has clarified that it will hold no bias toward a specific cryptocurrency. Franklin Templeton seeks real use cases and exponential growth in projects that solve problems, improving economics and user experiences.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/investment-giant-backs-eth-and-sol-after-bitcoin-etf-launch-tbt76973.html">https://thebittimes.com/investment-giant-backs-eth-and-sol-after-bitcoin-etf-launch-tbt76973.html</a></p>

Investment giant backs ETH and SOL after Bitcoin ETF launch

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