A justified slowdown? – Bitcoin vending machines caused a stir, especially in 2021 with their introduction in Walmart stores. Their adoption keeps growing for several years now and gave an impression of unstoppable phenomenon. Only here, a sail reduction seems to be looming for 2022, but then what is the reason for this slight tremor? If the numbers are to be believed, nothing to worry abouthowever a decline in general interest could well be the cause.
ATM Bitcoin: slowing growth
It can be seen from the evolution of data on Bitcoin ATM (vending machine) installations that the strength of growth is diminishing. In the first 2 months of 2022 we count a increase of 1,847 ATM or 689 less than on the January-February 2021 rise. The post-February 2021 explosiveness, even more dizzying than the previous 2 months, does not seem to find any potential competition.
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A general decline?
If the installation of ATM Bitcoin on a global scale is slowing down, it is partly because of England which has drastically reduced its figures. Although the UK is far from being the most imposing country ATM Bitcoin level, its “counter-performance” is quite unprecedented to influence the total. The United Kingdom has 124 fewer ATMs at the start of the year compared to 2021.
However, it is the United States that is mostly responsible fluctuations in Bitcoin ATM facilities. Indeed, if several countries see some irregularities in their installations, it is mainly the United States leading the trend because of their significant dominance in this sector.
So what appears to be a general decline mainly represents a slowdown in the United States.
It turns out that lately has been hectic when it comes to the visibly haphazard regulations of most countries, which curbs the enthusiasm the uninitiated and even the interested. Also, let’s not forget that the BTC fell nearly 40% during the last 4 months. However, a link between the number of distributors and the price of BTC has not yet been seriously established. A slight decline in growth after such explosiveness is not necessarily synonymous with disinterest. A lessening of the infatuation can even go in the direction of a healthy adoption devoid of facade announcements. Especially since, let’s remember, 6 years ago, imagining nearly 1,000 monthly Bitcoin ATM installations in 2022 was a matter of inaccessible dream.
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