Novogratz Says Bitcoin Is a Bubble, But You Should Own It

Mike Novogratz, discusses his views on Bitcoin during an interview with Bloomberg's Erik Schatzker.

“This is going to be the largest bubble of our lifetimes, you can make a whole lot of money on the way up” Novogratz said.

He is starting a $500 million hedge fund to invest in cryptocurrencies, initial coin offerings and related companies. He will put up $150 million of his own money and plans to raise $350 million more mainly from family offices and wealthy individuals.