Mike Novogratz Predicts Markets Are Shifting Towards Emerging Market Behavior

In a recent interview on CNBC’s Squawk Box, billionaire investor and CEO of Galaxy Digital Mike Novogratz highlighted his concerns about the future of U.S. financial markets, comparing them to those of developing economies. He explained that growing policy uncertainty, rising interest rates, and global geopolitical shifts are contributing to this shift. Novogratz’s comments followed a recent market volatility triggered by President Trump’s surprise tariff announcements, which propelled Bitcoin to record highs of over $84,000. He stressed the unprecedented combination of higher interest rates with a weaker dollar, indicating a potential change in how markets operate. Novogratz emphasized that the current restructuring of global security and trade architecture since World War II is causing significant shifts in market behavior.