ARK report: Bitcoin's rise is not a speculative boom, funds avoid the housing market and the car market to turn to BTC
2025-06-10 19:00:23
The latest report from ARK Invest, led by Cathie Wood, pointed out that Bitcoin rose 11.1% in May to a new high of $112,000, while the US real estate and auto markets showed significant weakness. There was a glut of housing supply, and car sales plummeted from more than 17 million in April to 15.60 million in May. ARK said that Bitcoin's rise was not accompanied by a speculative frenzy. ETF inflows reached $5.50 billion, which was three times that of gold ETFs in the same period, indicating that investors will regard Bitcoin as a safe-haven asset rather than a hype tool, and engage in rational asset reallocation under economic pressure.
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