Summary
TLDR: Franklin Templeton Digital Assets believes the launch of Runes will help Bitcoin compete with Ethereum and Solana in the fungible digital asset space. Runes protocol will bring improvements such as no junk UTXOs and increased privacy. The firm also sees a renaissance in BTC activity driven by innovations like Ordinals and BRC-20 tokens. They predict the total number of crypto users will surpass 1.2 billion by 2025.
Key Points
1. The launch of Runes will help Bitcoin “close the gap” with Ethereum and Solana in the fungible digital asset space, according to Franklin Templeton Digital Assets.
2. The firm is bullish on Runes, anticipating significant improvements such as no junk UTXOs, increased privacy, and compatibility with the Bitcoin Lightning Network.
3. Franklin Templeton also highlighted the emergence of other digital assets like Ordinals, driving a “Renaissance in BTC activity” and contributing to Bitcoin innovation and development.