Selected ARK Report: Bitcoin's Rise Is Not a Speculative Frenzy, Funds Shift from Real Estate and Auto Markets to BTC
The latest report from ARK Invest, led by Cathie Wood, indicates that Bitcoin rose by 11.1% in May, reaching a new high of $112,000. Meanwhile, the U.S. real estate and automotive markets are showing clear signs of fatigue. Housing supply exceeds demand, and car sales plummeted from over 17 million in April to 15.6 million in May. ARK states that the rise in Bitcoin was not accompanied by speculative frenzy, with ETF inflows reaching $5.5 billion, three times that of gold ETFs during the same period. This suggests that investors may view Bitcoin as a safe-haven asset rather than a speculative tool, engaging in rational asset reallocation under economic pressure.
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