North Korean leader Kim Jong Un may be one of the main reasons for the rapid acceleration of Bitcoin in recent years, according to some experts in the cryptocurrency market.
However, the government is known to finance defense spending in a variety of ways, including drug trafficking and animal exports.. In addition to these, it is claimed that the regime also uses cryptocurrencies to finance these expenditures. he can finance his activities with the money he earns from his manipulation by downloading it.
They were held responsible for the attacks on Bitcoin exchanges in South Korea
Many Southern states including Bithumb, the largest and most popular exchange in the region in 2017 Korean cryptocurrency exchange victim of hack attacks. The latest victim, Youbit, declared bankruptcy after losing 1 in 5 cryptocurrencies after the attack.
Cybersecurity experts believe that North Korea is responsible for these attacks.. If North Korea is responsible for most of these attacks and price volatility, there might be an alarming idea that the current values of cryptocurrencies are almost entirely triggered by the regime. played an important role in the success of the digital currency ecosystem.
Finally, a few months ago, allegations were made that the North Korean government was mining Bitcoin.
What do you think? Do you think the North Korean government is really responsible for the price volatility in Bitcoin? Share your views with us in the comment section below.