Franklin Templeton’s strategist predicts that all national treasuries will one day hold Bitcoin (BTC), and that this cryptocurrency will become a fundamental unit of transaction. The expert noted that nations have started to adopt the highest market value cryptocurrency.
In an interview on Natalie Brunell’s YouTube channel, Sandy Kaul, head of cryptocurrency and sector advisory services at Franklin Templeton, argued that BTC will be more effective for national treasuries than central bank digital currencies (CBDCs).
Kaul mentioned that less developed countries are trying to compete more effectively with larger economies by consolidating their purchasing power around Bitcoin, and stated that BTC will facilitate international transactions. Furthermore, he emphasized the importance of each treasury holding BTC and noted that Bitcoin is the same in every country, thus avoiding the risks associated with currency exchange.
Natalie Kaul discussed the possibility of countries around the world using Bitcoin as a base unit in their transactions. She expressed that BTC, being globally accepted and independent of any government policy, could become a fundamental part of the traditional banking ecosystem.
The expert reaffirmed his belief in the potential of Bitcoin being used as a fundamental unit in international transactions, therefore suggesting that every country should keep a reserve of Bitcoin. He highlighted that over time, BTC could move towards a global operation.