ARK Invest's latest report led by Cathie Wood indicates that Bitcoin rose 11.1% in May to $112,000, hitting a new all-time high, while the U.S. real estate and automotive markets showed significant signs of weakness. ARK pointed out that home sellers far outnumber buyers, and auto sales plummeted to 15.6 million in May due to the Federal Reserve's significant interest rate hikes since 2022. Bitcoin ETFs attracted $5.5 billion in May, far exceeding inflows into gold ETFs. ARK believes that the current rise does not show signs of speculative overheating and may be a strategic reallocation of investors moving from pressured assets to Bitcoin. (CoinDesk)