Bitcoin Still Faces Credibility Questions from Major Institutions

Vanguard, one of the world's largest asset managers, has reiterated its skepticism toward Bitcoin, characterizing it as a speculative "digital toy" rather than a legitimate asset class. The firm's latest position underscores ongoing uncertainty about whether BTC can transition from volatility-driven speculation to a stable store of value.

According to Vanguard's assessment, Bitcoin hasn't yet demonstrated the characteristics necessary to earn recognition as a serious investment vehicle. The core issue: market sentiment continues to dominate price movement, rather than fundamental asset dynamics. Until this pattern shifts—and BTC establishes itself through institutional adoption and reduced speculative trading—major traditional finance players are likely to maintain their cautious stance. This reality reflects a broader divide: while crypto enthusiasts view Bitcoin as digital gold, mainstream institutional investors remain unconvinced of its stability and intrinsic value proposition.