Franklin Templeton: The Bitcoin Bull Case Just Got Even Stronger

Watch on YouTube ↗  |  April 29, 2026 at 18:45  |  37:32  |  Milk Road Macro
Speakers
Christopher Jensen — Chopping Block co-host

Summary

Christopher Jensen of Franklin Templeton discusses Bitcoin's constructive outlook with a base case of breaking back to triple digits. He recommends a 3-6% institutional allocation to Bitcoin and highlights Hyperliquid as a leading platform in perpetual futures. The conversation also covers tokenization trends, DeFi risk management, ETF innovation, and Franklin Templeton's expanded digital asset strategy.

  • Bitcoin base case is bullish, targeting above 100K by 2026.
  • Franklin Templeton recommends a 3-6% allocation to Bitcoin in institutional portfolios.
  • Hyperliquid is seen as having a durable moat via scale and liquidity in perpetual futures.
  • Tokenization is expected to bring all assets on-chain over time.
  • DeFi hacks like the Kelp DAO incident underscore the need for strong risk management.
  • Crypto ETFs and ETPs are not yet saturated; innovation continues in yield and active management.
  • Franklin Templeton acquired 250 Digital and rebranded to Franklin Crypto to double down on digital assets.
  • Institutions are moving toward more sophisticated multi-strategy digital asset allocations.
Trade Ideas
Christopher Jensen Chopping Block co-host 1:37
Bitcoin breakout to triple digits likely.
Our base case is that Bitcoin breaks out of the current range and returns to triple digits (above 100K) by mid-2026. The market is consolidating with higher highs and higher lows, on-chain data shows healthy distribution between cohorts, and Bitcoin wants to go up despite near-term macro uncertainty.
BTC HIGH
Christopher Jensen Chopping Block co-host 14:25
Hyperliquid has durable scale advantage.
Hyperliquid has built a durable competitive moat through scale, liquidity, and vertical integration across products. It is the market leader in perpetual futures and is well positioned to maintain its lead as more entrants and partnerships emerge, including through HIP-3 economics sharing.
HYPE MED
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This Milk Road Macro video, published April 29, 2026, features Christopher Jensen discussing BTC, HYPE. 2 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Christopher Jensen  · Tickers: BTC, HYPE