The latest report from ARK Invest, led by Cathie Wood, points out that Bitcoin rose 11.1% to $112000 in May, reaching a historic high, while the US real estate and automotive markets showed clear signs of fatigue. ARK pointed out that home sellers far exceeded buyers, and car sales plummeted to 15.6 million units in May due to the impact of the Federal Reserve's significant interest rate hikes since 2022. The Bitcoin ETF earned $5.5 billion in May, far exceeding the inflow of gold ETFs. ARK believes that the current rise does not indicate speculative overheating, and may be a strategic reallocation of investors from pressure assets to Bitcoin. (CoinDesk) http://(wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=43813