Bloomberg analyst: Vanguard's digital asset hire is a major win for crypto

Bloomberg ETF analyst Eric Balchunas has described asset manager Vanguard's hiring for a 'Head of Digital Assets' as a major victory and validation for the crypto industry. Writing on X, Balchunas argued that the very creation of a role with 'digital assets' in its title represents a significant win. He claimed that Vanguard was effectively the last holdout, aside from Peter Schiff and one washed-up actor. However, Balchunas also relayed Vanguard's explanation that the company has not caved or turned pro-Bitcoin, but is instead looking to utilize the underlying technology.