"Bitcoin Emerges as a New Investment Destination Amid Economic Uncertainty in the US"

The upward trend of Bitcoin (BTC) has been analyzed as a phenomenon intertwined with economic uncertainty in the United States.

According to CoinDesk on the 10th (local time), ARK Invest recently stated in a report, "Bitcoin is emerging as a new channel for capital inflows amid a slowdown in the two pillars of US consumption: the housing and automobile markets."

The report states that Bitcoin rose by about 11.1% in May alone, surpassing the increase in gold. During the same period, the housing and automobile markets showed a rapid contraction. ARK Invest analyzed, "Since 2022, a series of aggressive rate hikes by the US Fed have undermined housing affordability," adding, "As sellers increase more quickly than buyers, price pressure is mounting."

Automobile sales also plummeted. The sales volume— which had surged prior to the implementation of tariffs earlier this year—dropped sharply to 15.6 million units in May, a significant decrease from 17 million units just a month earlier.

With real assets in turmoil, Bitcoin is being evaluated as a new avenue capable of ensuring profitability. Indeed, in May alone, about $5.5 billion flowed into US-listed spot Bitcoin ETFs, which is more than three times the inflow into gold ETFs over the same period.

ARK Invest also noted, "Signs of speculative overheating have not yet appeared in this Bitcoin rally," and explained, "The scale of unrealized profits is far lower than during previous bubbles. The movement to realize profits is also limited." The firm added, "The flow of investor capital into Bitcoin can be seen as a strategic reallocation of assets in response to changes in the economic environment."