Bits + Bips: Bitcoin Finally Acted Like a Hedge. Will It Last?

Unchained

Laura Shin

News, Tech News, Business News

4.6 • 1.3K Ratings

🗓️ 16 March 2026

⏱️ 48 minutes

🔗️ Recording | iTunes | RSS

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Summary

For the first time in a geopolitical crisis, bitcoin held its ground while safe havens faltered. But can it keep holding if the VIX moves from yellow to red? --- Bits + Bips is spreading its wings Starting soon, new episodes will only be published on our brand‑new feeds. What you need to do: Click the links below. ⁠YouTube⁠ ⁠Apple⁠ ⁠Spotify⁠ ⁠X⁠ Smash Follow or Subscribe. 🎉 Done. --- The Strait of Hormuz is closed. Oil is past $100 a barrel. The traditional safe haven playbook, from treasuries to gold, is failing to perform the way it should. And yet bitcoin is up 4% since the conflict started, holding steady in a tight range that Andy Baehr, newly installed as managing director of asset management at GSR, calls "base camp." What signals should investors watch to know if the next move is up or down? Why does the VIX suggest calm when the world feels anything but? And why might the tokenization boom be built on demand that doesn't exist yet? Baehr, who spent years constructing the crypto index ecosystem at CoinDesk, brings a structural lens to a market moment where nothing is where it should be. Host: ⁠⁠Steven Ehrlich, Host of Bits + Bips: The Interview Guest: Andy Baehr, Managing Director of Asset Management, GSR Links: Bitcoin = Safe Haven Is Bitcoin Now a Safe-Haven Asset? If So, Then It Could Be Hugely Undervalued at Just $70,000 How Bitcoin and Gold Reacted Differently to the Iran War Shock Hyperliquid Oil Perps The Hottest New Crypto Trade Is 24/7 Oil Futures Crypto Markets Track War Risk as Iran Conflict Endures Tokenization Wall Street Pushes Tokenized Stocks, but Institutions Aren’t Eager to Trade Them Nasdaq Partners With Kraken in Plan for 24/7 Tokenized Stock Trading Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hi everyone. Welcome to another episode of Bits and Bips, the interview.
0:05.0	I'm your host, Steve Erlich, and I am here today with Andy Baer.
0:10.0	He is the managing director of asset management at GSR, and many of you will probably know him as the former head of CoinDesk indices.
0:19.0	So welcome, Andy. Good to see you. Thanks for having me on.
0:23.3	Yeah, absolutely. And I know you've been a GSR for a couple weeks now, but welcome and congratulations
0:30.9	on the new role. I've, I've, GSTR is one of the firms that got me into crypto in the first place.
0:38.2	John Loughlin, who's the chief investment officer here, we've known each other more than 20 years.
0:44.4	And I remember seeing on LinkedIn when he joined GSM, he like, John Loflin's at a crypto firm, like, okay.
0:52.2	So we have to look into this a little bit more. And so we kept in
0:57.8	pretty close touch. GSR was a great client of ours when I was at CoinDesk. And, you know, now we have
1:06.1	this great new venture to embark upon. So it's really exciting. And I think it's at a, you know, a good time for the industry and a good time for GSR, a good time for the markets. Yeah. And it's fun too. I mean, you and I, we used to appear on panels together, both as members of, I guess, full-time members of the media, you at Coin desk, me at Forbes and Unchained. And now I'm at Sharplink and you're at GSR and but we still
1:29.6	get to have the same conversations.
1:30.9	I love it.
1:31.9	Yeah, that's right.
1:33.3	No, that's so true.
1:34.3	And that's that's kind of what's great about this industry that people who can get around
1:41.7	and know folks and are well-networked,
1:44.5	but also just have a good technical sense of how the markets work
1:48.3	and really do a lot of interesting things,
1:52.1	you know, on the practice side,
1:54.0	but also on the content and media side.
1:56.5	Yeah, absolutely.
	...

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