The founder of the fund, which invests in the crypto currency, believes that while the bubble does not burst, you can earn on it.

Mike Novogrags is trying to secure the title of "king bitcoin". Marked in the markets, the macro-financial manager opened a hedge fund worth $ 500 million, which will invest in crypto-currencies, initial coinage offers and everything associated with them.

This is written by Bloomberg, adding that Novograt invested $ 150 million from his own pocket in the creation of the fund and plans to collect another 350 million dollars by January through rich clients and friends-fund managers.

If he manages to achieve the planned capital, the Galaxy Digital Assets Fund will become the largest of its kind. Its very appearance indicates an increase in the perception of the Crypto-currency as a normal place for investment.

At the same time, Novograz does not try to justify electronic currencies and calls them "a bubble".

"This will be the largest financial bubble that we have seen in life. Prices will grow in the future. So you can earn a lot of money while it happens. And we plan to do it, "he said..