ARK Invest Reports Bitcoin Gains Amid Economic Strain in Housing and Autos

Bitcoin's recent rise to new all-time highs occurs amidst economic strain, according to ARK Invest.

Bitcoin rose 11.1% in May, outperforming gold and breaking key resistance levels.
The increase coincides with stress in the housing and auto sectors.
Housing market shows more sellers than buyers, attributed to the Federal Reserve’s rate hikes since 2022.
Auto sales fell from over 17 million units to 15.6 million in May.
Bitcoin is attracting capital seeking yield, with spot bitcoin ETFs gaining $5.5 billion in May, compared to declining gold ETF inflows.
Current rally lacks speculative excess; profit-taking remains measured with unrealized gains below previous bubble levels.
Investors may view bitcoin as a strategic reallocation amid changing economic conditions.