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

The conversation centers on Bitcoin's performance as a safe haven asset amid geopolitical turmoil, particularly in light of rising oil prices and broader market instability. Andy Baehr, Managing Director of Asset Management at GSR and former head of CoinDesk Indices, assesses the VIX and its implications for market sentiment, noting that while volatility is elevated, it's not at crisis levels. He points out Bitcoin's stability within a tight trading range post-February deleveraging, suggesting a potential "base camp" for future positive momentum. The discussion touches on the evolving role of tech equities as safe havens and the influence of fast money on crypto and precious metals markets, highlighting stablecoin growth and DeFi's resurgence.