Financial Times editor Robin Wigglesworth says he was recently accused of being a “Luddite” reporter who couldn’t possibly understand the “digital magic” of bitcoin because he “shunned hard sciences for the girls at journalism school.”

That’s what happens when you criticize bitcoin BTCUSD, +0.28% these days. Just ask J.P. Morgan’s JPM, -0.21% Jamie Dimon, who got an earful last week.

Read:‘Bitcoin is a bubble,’ warns Ray Dalio.

And like many other bitcoin skeptics, Wigglesworth says it could go much higher — maybe even six figures — thanks to “human idiocy.”

“ ‘There are many things that are inexplicably popular, like gold, cosplay, Justin Bieber or James Cameron’s blue-tinted Dances with Wolves rip-off Avatar.’ ” — Robin Wigglesworth

In his newsletter, Wigglesworth explained bitcoin’s volatility means it’s a terrible means of exchange or store of value, a hallmark of any supposed currency.

“Its primary attraction has been its rocketing price,” he wrote. “But that has turned what might have had a kernel of value into a ‘trading sardine.’”

A trading sardine? Let famed investor Seth Klarman explain it.

“There is the old story about the market craze in sardine trading when the sardines disappeared from their traditional waters in Monterey, California. The commodity traders bid them up and the price of a can of sardines soared. One day a buyer decided to treat himself to an expensive meal and actually opened a can and started eating. He immediately became ill and told the seller the sardines were no good. The seller said, ‘You don’t understand. These are not eating sardines, they are trading sardines.’”