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Increase in the number of Bitcoin ATMs installed
blog about bitcoin atms in madrid

Increase in the number of Bitcoin ATMs installed

The Bitcoin ATM installations peaked in 2021 - 1971 units were installed in December. By the end of May 2022, this figure had fallen by 89.75%, followed by a rapid rebound.

In May, the number of Bitcoin ATMs fell by 89.75%. Currently, however, there is a clear rebound in the market.

The jump in the number of Bitcoin ATM installed

In June, over 882 Bitcoin ATMs were installed in the first ten days.

As the chart above shows, the decline in May 2022 reached the range that was last observed three years ago. Over the past two years, in 2020 and 2021, the number of installations has increased consistently.

This was due to the positive regulatory environment. In addition, bitcoin has been recognized as legal tender in El Salvador, which contributed to a sharp increase in the number of installations last year.

Peak of Bitcoin ATM installations in 2021

The installations peaked in 2021 - 1971 units were installed in December. By the end of May 2022, this figure had fallen by 89.75%, followed by a rapid rebound.

According to the Coin ATM Radar meter, which is based on data collected over the last two months, on average, almost 23 bitomats are installed worldwide every day.

bitomaty czerwiec 2022

The data also confirms that 38,000 Bitcoin ATMs are now installed worldwide at the time of writing.

The United States accounts for 87.9% of the total device network (ie 33,403 units).

The following producers are in the lead on the market: Genesis Coin (40.9% of installed devices), General Bytes (21.6%), BitAccess (16.1%), Coinsource (5.4%) and Bitstop (4.8%) .

Will price drops lead to problems on the Bitcoin ATM market?

Will the bear market lead to problems on the Bitcoin ATM market? Not necessarily, because at this time, many investors who better understand the market start buying cryptocurrencies.

In an interview with Cointelegraph Dania Gonzalez, a politician from El Salvador, revealed the country's plan to buy more bitcoins at a time when cryptocurrency valuations are falling.

"What Nayib Bukele does is buy bitcoin and take a profit at some strategic point, " Gonzalez said.

The interesting strategy of Salvador’s president

She also pointed out that the Salvadoran president's strategy has proved successful in terms of socio-economic impact, citing two ventures - building a veterinary hospital and a public school - which were made possible by investing in BTC.

A place where you can buy BTC and other digital assets is also Madrid. Check nearby Bitcoin ATMs in Madrid.

Mike Schmidt

This industry that seemingly sprang up overnight thanks to the rise of Bitcoin in pop culture has also created a new beat for journalists and enterprising reporters who have a front row seat for this technology’s evolving role. Mike is one of them!

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Blog for Bitcoin ATMs in Madrid

The community of investors using Bitcoin ATMs in Madrid is growing quite rapidly. New devices are popping up every month. Prices, fees, KYC and Bitcoin all fluctuate quite visibly. It is becoming harder and harder to stay in the loop of what is happening in the Bitcoin ATM market in Madrid. With this blog, you are able to follow the recent developments and never miss out on changes in law or new methods of trading crypto privately with cash.