“It is for that reason that illicit activity makes up such a small fraction of transactions in the cryptocurrency space — about one quarter of one percent, according to a study by analytics firm Chainalysis. That is an especially small amount when compared to the 2 to 5 percent of fiat currency transactions attributed to money laundering and the like, according to United Nations data.

In other words, if you don’t like what certain people do with bitcoin, you are going to hate the U.S. dollar.”