On December 3, Bitcoin broke through $92,000, and the driving force behind it may have been an unexpected piece of news—a former crypto skeptic, Vanguard, has surprisingly softened its stance.

The world’s second-largest asset management giant recently allowed investors to trade BlackRock’s spot Bitcoin ETF on its platform. William Stern, founder of Cardiff, directly described this move as a “capitulation of the anti-crypto fortress.” He put it even more bluntly: “When critics become distributors, the signal to financial advisors is—now is the time to get on board, it’s safe. The market has already started to front-run, and a flood of capital is about to arrive.”

How abrupt was this shift? Just look at the reaction from Brian Huang, co-founder of Glider: “Overnight, there was a bombshell—Vanguard, a major former opponent, is now embracing crypto ETFs.” He believes this represents the crumbling of old investment mindsets, with client demand ultimately outweighing their perceived risks.

And there’s even more explosive news. Bank of America recently chimed in—Chris Hyzy, CIO of Merrill and Bank of America Private Bank, gave a clear recommendation: for investors who can tolerate high volatility and are interested in thematic innovation, it’s worth considering allocating 1% to 4% of assets to digital currencies.

Brian Huang called this “another giant’s announcement,” adding, “It doesn’t matter what the price does, the pace of institutional adoption hasn’t slowed down at all. In the long run? Everyone’s betting Bitcoin will reach $150,000—it’s just a matter of time.”

What do Vanguard’s pivot and Bank of America’s stance mean when combined? The doors of the traditional financial world are opening to digital assets—and faster than anyone imagined. When even the conservatives start embracing change, the balance of the market has already quietly shifted.