Investment guru: The bitcoin will be the biggest bubble in our lives

Investment legend Mike Novogratz launches a new 500 million dollar asset-backed hedge fund to invest in crypto-currencies. Novogarz will add 150 million personal savings to these funds, and will raise another $350 million in January.
The Galaxy Digital Assets Fund will have assets of $1 billion and will become the largest hedge fund investing in crypto-currencies, according to acquaintances.
For Novogarz, this will be a return to the world of investments after the serious losses he registers for Fortress and his retirement for 2 years.
The bitcoin will be the biggest bubble in our lives, Novotarz said in an interview with Bloomberg on crypto-currencies. According to him, the prices of crypto-currencies will rise far from what they should be. A lot of money can be made on their way up, the expert added.
We can only recall that this month the bitcoin reached a new historical record of $5,000. There was a serious correction of over 30%, which led him to levels of about $3,000.
Currently, however, the bitcoin is trying to raise over $4,000 again.
Novogratz's fund is expected to have a broad mandate, including as a market maker, arbitrage, and stakes in new coins that are on the market.
Most institutional investors stay away from crypto-currencies because of skepticism and because these markets are too volatile. It is possible, however, that the first of the big players on the market to take advantage of it.