As Bitcoin was designed to operate outside of banks and the government with anonymity it has an even greater appeal to hackers, more so since its value skyrocketed.

All you need to make or receive payments is a Bitcoin address which acts as a virtual postbox and since there is no register which lists all of these, people can protect their identities.

Therefore the North Korean hackers can easily stay hidden and convert their stash into money or other more unusual cryptocurrencies quite easily.

However, calling the currency unstable would be quite the understatement considering its price constantly fluctuates.

Only a week ago it’s price boomed by $3,000 in just one day, a pretty astonishing feat.

But in September when it was valued at over $5,000 it did not last long plummeting in price later the same day.

There is no simple explanation as to why Bitcoin is so unsteady meaning it is always unclear where the cryptocurrency will go next.

Forecasts are mixed but the majority say it is due a massive crash soon which isn’t good news for the North Korean hackers.

According to Wonderful Engineering, economics expert Panos Mourdoukoutas has said that two events in particular could bring the price of Bitcoin down:

There are a couple of things that could kill the hype for the digital currency and help push demand in the opposite direction.

One of them is a Lehman or Enron-style fraud event, not necessarily in the Bitcoin market, but in some other cryptocurrency market, which brings to mind the wild west mentality of mid 19th-century capitalism.

The second thing would be the end of easy money. That would push interest rates higher. and take the ‘air’ out of the Bitcoin bubble that has turned into a mania.

However since Bitcoin is so complex, although Mourdoukoutas can suggest that these events may bring about a downfall, it has been proven that nothing is ever certain.

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