• Galaxy CEO Mike Novogratz believes that the US economy has become a “tale of two cities,” arguing that AI-generated wealth is supporting spending among affluent consumers.

• He pointed to Knicks Finals tickets priced as high as $75,000 as evidence of growing disposable income among investors benefiting from the AI boom.

• As Novogratz argued that crypto has fallen out of favor with investors, ARK Invest’s Cathie Wood pointed to quantum-computing concerns.

Galaxy (GLXY) CEO Mike Novogratz pointed to the free-spending crowd at a New York Knicks game as a sign of the wealth generated by the artificial intelligence (AI) boom, and said crypto interest has faded.

Novogratz pointed to soaring New York Knicks Finals ticket prices, a…