Re: his nickname is 'flipper'.
Given that bitcoin seems to be the safest way for crooks to collect ransoms for cryptoware locked systems and this scam is earning increasingly big money, Bitcoin value seems set to increase as more marks can be induced to buy in for the purpose of paying up to get their data back. That's until it's seen as nothing more than a money laundry and regulators do the next logical thing by closing down the bitcoin for conventional exchanges. Replacement for conventional it isn't, as most folk won't ever get to like the idea of 1 wasted KWh = 1 vote.