Bitcoin
The promotion to the new historical maximums is happening in a deep economic deformation background, according to a new Ark Invest report, led by Cathie Wood.
The 11.1% rise in Bitcoin in May, exceeded gold and broke the key levels of resistance, said Ark. The profits also coincided with clear signs of stress in the housing and cars sectors, traditionally seen as pillars of the consumer force.
In housing, the number of vendors has far exceeded buyers, a trend in ark links with high increases in federal reserve rates since 2022. With the deteriorated affordability, the pressure increases prices in what remains the largest source of net domestic heritage. Meanwhile, car sales, which increased earlier this year in advance of tariffs, collapsed in May, falling to 15.6 million units of more than 17 million only one month earlier.
As these markets soften, Bitcoin seems to be catching part of the capital in search of yield and resilience, said Ark. Spot Bitcoin ETFS obtained $ 5.5 billion in May, more than triple the tickets seen in ETF of Gold, which fell sharply during the same period.
Ark pointed out that Bitcoin’s current rally still does not reflect the speculative excess. The profits behavior remains measured, with unrealized gains that are well below the levels that marked previous bubbles.
For investors who move away from the stressed assets of the real world, Bitcoin can be serving not as a bet, but as a reallocation calculated in a changing economic panorama.
