Bitcoin is going to be the largest bubble ever — and there’s heaps of money to be madeon the way up. And if you believe that, you may want to give a heck of a lot of thought to your exit point if you go along for the ride. “This is going to be the largest bubble of our lifetimes,” former Fortress Investment Group macro manager Mike Novogratz tells Bloomberg. “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.”

But the idea that cryptocurrencies will be a bubble doesn’t mean they’re not here to stay:“Remember, bubbles happen around things that fundamentally change the way we live,” said Novogratz, who won’t confirm he’s raising a USD 500 mn hedge fund to go after cryptocurrency prospects. “The railroad bubble. Railroads really fundamentally changed the way we lived. The internet bubble changed the way we live. When I look forward five, 10 years, the possibilities really get your animal spirits going.” (Okay, but what about the Tulip bubble? How did that work out for humanity, long term?)

Don’t understand a [redacted] thing about cryptocurrencies? All you need are the basics to enjoy this video discussion (runtime: 6:24) with Aswath Damodaran, Wall Street’s “Dean of Valuation” and a professor at the Stern School, who made things click for us when he described bitcoin as our generation’s version of gold. Damodaran then takes a deep dive into the topic in an essay he titled “The Crypto Currency Debate: Future of Money or Speculative Hype?” for his blog from early August.

Need to start at square zero? If you don’t have the first clue that this bitcoin nonsense is all about, have a look at this basic infographic primer from CNN Money (which sometimes does something right — this is one of those times) and then move to Coindesk and read this.