Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

“Printing Is Coming”, Tweets Michael Saylor, Referring to Bitcoin

Published 09/29/2022, 12:05 PM
Updated 09/29/2022, 12:30 PM
© Reuters “Printing Is Coming”, Tweets Michael Saylor, Referring to Bitcoin

© Reuters “Printing Is Coming”, Tweets Michael Saylor, Referring to Bitcoin

  • Michael Saylor tweeted “Printing is coming”
  • He referred to the upcoming printed copies of the digital currency bitcoin.
  • Traders received the news with mixed reactions.

Michael Saylor, the founder and executive chairman of MicroStrategy, the analytics platform, tweeted, “Printer is coming” referring to the introduction of the printed copies of the first digital coin Bitcoin.

Satoshi Nakamoto, invented bitcoin, the first decentralized digital currency in 2009. Since its inception, bitcoin had been used as a medium of transaction without the involvement of a third party.

Gradually, the idea of printing bitcoins flowed into the thoughts of the traders. But the idea was outrated by the several possible impediments of printing the bitcoin, among which the issue of security was the highest.

However, discarding all the impediments, bitcoins are finally towards printing the coins, just like any other fiat currency.

Being a volatile coin, Bitcoin wavers between different prices since 2009. Though it had been in a major loss for the last year, currently the coin returns stronger than ever.

The hike in the trading of bitcoins along with the possibility of the introduction of printed copies of coins would make the traders anticipate the further growth of the coin.

Crypto aspirants on Twitter (NYSE:TWTR) had a mixed reaction. Some of them received the news of the arrival of the printed bitcoins very positively, describing it as “inevitable”. But there were traders who doubt the necessity of printing bitcoins.

The post “Printing Is Coming”, Tweets Michael Saylor, Referring to Bitcoin appeared first on Coin Edition.

See original on CoinEdition

Latest comments

bullish signal btc and markets
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.