The industry has been in an uproar these past couple of days—those traditional financial giants who once scoffed at Bitcoin have suddenly changed their tune, all at once.

You might not believe it, but Vanguard, the world’s second-largest asset management company, really slapped itself in the face this time. This old institution, managing nearly $11 trillion, used to be a die-hard “anti-crypto” player. Just last year, their CEO was still publicly dissing Bitcoin, saying things like “doesn’t recognize its long-term value.” And now? Not only have they opened up Bitcoin ETF trading, but even BlackRock’s IBIT has been proudly added to their product list.

You have to understand, in the world of top asset managers, Vanguard was the last real hardliner—everyone else had already started making moves behind the scenes, while they stubbornly held out. So what’s with this sudden 180-degree turn? Are they done accumulating and ready to buy the dip?

But that’s not even the craziest part. Bank of America, a veteran among traditional commercial banks, is now actually recommending clients allocate up to 4% of their assets to Bitcoin. And note, this isn’t just a polite “you’re allowed to buy if you want” suggestion—it’s a real, firm push to get you in. These bankers used to want nothing to do with crypto, now look—they’re acting like salespeople.

Honestly, this attitude shift is a bit too sudden. Two heavy blows in just 48 hours, and the last line of defense for traditional finance has completely crumbled. The institutionalization of crypto assets is truly about to enter an accelerated phase.

So what exactly happened last night?