Roger Bayston says blockchain is targeting large TAMs.

  • Roger Bayston believes that crypto investors will eventually be rewarded.
  • He is optimistic about blockchain technology as it is at the core of the digital economy.
  • Bayston is the Head of Digital Assets at Franklin Templeton.

Despite recent lawsuits by the U.S. SEC against Binance and Coinbase for violating securities laws, Roger Bayston remains positive about the future of crypto.

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 the regulatory environment becomes clearer, there will be continued innovation in software protocol development platforms…and it won’t stop at just Bitcoin and Ethereum.

Franklin Templeton is behind two blockchain investment funds and a consumer app that enables browsing tokenized 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 the digital economy

Bayston is bullish primarily because he sees a big future for the digital and data-driven economy, and blockchain technology is right at the heart of it.

Over time, he is 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 an application for these public databases that help reduce the 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).