“ ‘This is going to be the largest bubble of our lifetimes. Prices are going to get way ahead of where they should be. You can make a whole lot of money on the way up, and we plan on it.’ ” — Mike Novogratz

But what about on the way down, Mike?

Well, the former Fortress Investment Group manager doesn’t seem too worried about that part yet. After all, he’s launching the Galaxy Digital Assets Fund, a $500 million hedge fund that invests in cryptocurrencies.

Novogratz, according to sources cited by Bloomberg, will put up $150 million of his own money to go with the $350 million he plans to raise from other deep-pocketed investors, which would make for the biggest fund of its kind.