Andy Baehr, GSR’s managing director of asset management, says bitcoin’s $80,000 breakout marks a new market regime. He argues the crypto trading firm watched a stagnant summer flip into real momentum within days.

Baehr spent 25 years on Wall Street derivatives desks, including Morgan Stanley and Credit Suisse, before crossing into digital assets. He served as the Executive Director of Equity Derivatives at Morgan Stanley between 2006 and 2007.

Why Baehr Sees a New Bitcoin Regime After $80,000

Bitcoin (BTC) briefly , topping out at $reclaimed $80,000 this week, topping out at $81,272 on Monday. It marked the first time since May that the pioneer crypto tested this threshold.