Blockchain is ‘trying to address very large TAMs’: Roger Bayston

• Roger Bayston hopes that crypto investors will eventually be rewarded.
• He is bullish on blockchain because it is at the heart of the digital economy.
• Bayston is Head of Digital Asset at Franklin Templeton.

Roger Bayston remains constructive on crypto despite the recent US SEC suing Binance and Coinbase for violating securities laws.

Roger Bayston’s views on cryptocurrencies

Head of Digital Assets at Franklin Templeton Investments is confident that crypto investors will eventually be rewarded for their patience through the current volatility and uncertainty.

As the regulatory environment clears up, there will be continuous innovation in these software protocol development platforms… don’t expect it to end only in Bitcoin and Ethereum.

Franklin Templeton is behind two blockchain investment funds and a consumer app that enables tracing of tokenized securities and cryptocurrencies.

It has also launched the US Government Money Market OnChain – a registered mutual fund on two blockchains (Polygon and Stellar).

Blockchain is central to the digital economy

Bayston is bullish mainly 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 believes it will change capital markets as well as asset management. Speaking with CNBC this morning, expert Franklin Templeton also said:

These protocols try to handle very large TAMs where there are applications for these public databases that help reduce the friction of one database not exactly matching another.

Also on Monday, top crypto analyst – Rekt Capital said BTC is positioned for further declines going forward (read more).