The Vanguard Group, managing over $11 trillion and serving 50 million customers, reversed its stance on December 2nd, reopening cryptocurrency ETFs, leading to a surge in Bitcoin prices. Unlike profit-driven BlackRock, Vanguard focuses on "long-term value," and its entry signifies the traditional finance sector's formal recognition of the long-term allocation value of crypto assets. $SOL $XRP $BNB

Under conservative, standard, and aggressive scenarios, Vanguard could bring in an additional $11 billion to $165 billion in funds, which would be long-term capital held for a decade, reshaping the market. However, there are risks such as liquidity mismatches, policy exposure magnification, and cognitive inertia traps.

The market has transitioned from a "cyclical game" to an "era of ten-year holds." By paying attention to policy and maintaining clarity, one can stand firm in this wave. Follow Musen to avoid traps and seize opportunities!