The 'long bitcoin, short the bankers' era is officially over as TradFi giants embrace digital assets

The article says the old adversarial stance between crypto and traditional finance is fading as major financial institutions increasingly embrace digital assets. Bitwise’s CEO notes that two trillion-dollar-plus institutions approved crypto products this summer, indicating expanding institutional access even in a bear market. Banks are now focusing on custody, tokenization, regulated trading, and distribution rather than resistance. The piece frames this as a structural shift driven by client demand and clearer regulation, with firms partnering with specialist infrastructure providers to build a more integrated finance ecosystem. Market-wise, the message is bullish for Bitcoin and the broader crypto sector because it suggests broader access, deeper institutional adoption, and improved distribution channels, though the article emphasizes that crypto remains highly price-driven and narrative-sensitive.