#美国贸易赤字状况 Traditional financial giants are finally unable to sit still. The news that Wells Fargo recently spent $383 million to buy Bitcoin caused a stir in the market. This is not an isolated incident—starting from asset management giants like BlackRock and Fidelity continuously increasing their holdings in spot Bitcoin ETFs, to now traditional banks directly entering the market, the overall landscape is quietly changing.

The key lies in the signaling effect. A traditionally conservative large bank willing to include Bitcoin in its asset allocation indicates what? It shows that their risk assessment system now considers digital assets as a reasonable allocation. Although this amount may not be considered a heavy position in the overall portfolio, it represents a shift in mindset.

Massive institutional capital inflows will trigger chain reactions. Bitcoins locked by institutions are unlikely to flow into the market, which will inevitably intensify supply tightness. At the same time, large amounts of long-term capital entering the market will form strong support at the bottom of the price. A deeper impact is that Bitcoin’s status as a legitimate asset class is repeatedly confirmed, and subsequent large funds like pension funds and insurance capital may also follow suit.

Looking towards 2026, continuous institutional buying combined with the halving cycle provides fundamental support. However, here’s a correction to a common misconception—Bitcoin is not here to replace gold, but rather to erode some of gold’s monetary attributes in the digital age. In future investment portfolios, both will coexist.

The current market is gradually shifting from pure skepticism to divergence. Some are bullish on institutional trends, while others worry about retail investors being harvested. This very divergence often presents the best window for smart money to deploy.