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.
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