Bitcoin
According to a new report by Ark Invest, new heights of new heights of all time, against a background of deep economic tension.
The rise of 11.1% Bitcoin in May, exceeded gold and pierced the levels of key resistance, said Ark. The gains have also coincided with clear signs of stress in the housing and car sectors, traditionally considered as pillars of the strength of American consumers.
In the accommodation, the number of sellers has largely exceeded buyers, a trendy arch links upwards increases in the federal reserve since 2022. With the deterioration of affordability, the pressure is mounted on prices in what remains the greatest source of net value of households. Meanwhile, sales of cars, which increased earlier this year in anticipation of prices, collapsed in May – falling to 15.6 million units of more than 17 million a month earlier.
While these markets are softening, Bitcoin seems to catch part of the capital in search of yield and resilience, ark noted. The FNB Bitcoin Spot attracted $ 5.5 billion in May – more than the triple of the entries observed in the gold ETF, which fell sharply during the same period.
Ark noted that the current Bitcoin rally does not yet reflect a speculative excess. The for -profit behavior remains measured, with unrealized gains seated well below the levels that have marked the previous bubbles.
For investors moving away from stressed real assets, Bitcoin may not serve as a bet, but as a reallocation calculated in a changing economic landscape.
