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Bitcoin (BTC) News: No Froth Yet, Says ARK Invest

Summary by Coin Desk
Bitcoin outpaced gold even as the housing and auto sectors show signs of strain.

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The record rise in the price of Bitcoin (BTC) may not yet be a speculative frenzy, but a strategic repositioning. Ark Invest, led by renowned US investor Cathie Wood, has released a new report examining Bitcoin’s recent rise… New Bitcoin Report from Ark Invest: Price...

In its most recent report, Ark Invest points out that in the midst of growing signs of economic stress, Bitcoin strengthens and attracts capital that once flowed to traditional assets like gold. *** Bitcoin rose 11.1% in May while the real estate and automotive sectors collapse in the United States. The Bitcoin ETF attracted $5.5 billion, tripling flows to gold. Ark Invest sees in Bitcoin a strategic relocation, not speculative behavior. Ark Inv…

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247wallst.com broke the news in New York, United States on Monday, June 9, 2025.
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