You’ll be shocked to learn that another ivory-tower economist doesn’t understand Bitcoin.

“The core of Crenshaw’s critique is that these bitcoin exchange-traded funds are based on bitcoin assets, which themselves are largely unregulated and traded on dark platforms in many parts of the world. There is little transparency as to what determines the prices of bitcoins and there is a lot of evidence that they are manipulated and subject to fraudulent practices, often without recourse.”

Long may the dark platforms reign.