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The recent Coinatmradar statistics reveal that Bitcoin's ATMs have crossed the 4000-point threshold.
Bitcoin ATMs exceed 4,000 brands
Second Coinatmradar, the current number of ATM Bitcoins globally is 4,060, a figure that exceeds 4,000 milestones. The number is evidence of the continued growth of BTC ATMs around the world, despite the current collapse in cryptocurrency prices. A previous report said that the Bitcoin ATMs were almost over 4,000 brands, with 3,991 ATM machines.
The installation of ATM bitcoins continues to spread across all continents, with North America continuing to hold first place. The continent controls a staggering 71.2% of the market, with a total of 2,888 BTC ATMs installed. Europe, in second place, but far behind, has 23.7% with a total of 961 Bitcoin ATMs. Africa is still far behind with 0.2%.
The number of BTC ATMs in several countries has also increased. The United States, still at the top of the BTC ATM food chain, boasts 2,240 Bitcoin ATMs across the country. Canada holds second place, with a total of 619, compared to its previous figure of 600 BTC ATMs. Other countries such as Zimbabwe, Guatemala, Armenia and Iceland have a BTC ATM each.
The competition among ATM bitcoin producers continues to grow out of all proportion, with new competitors trying to carve out a niche in the market. Genesis Coin is still the main producer of ATM BTC, controlling 31.6% of the market share. General Bytes, however, follows very closely with 30.2%, while Lamassu delays, controlling only 10.8% of the market share.
Increased investment in Bitcoin despite falling prices
The continued increase in BTC's ATM numbers, despite the one-year bear market, is indicative of the trust of big money players in the industry. One of the hallmarks of a technology that changes the paradigm is its ability to remain a significant post-mania period.
Throughout the market, there are examples of investors who continue to maintain faith with cryptocurrencies despite the bear market. Recently, the Nasdaq said it would go ahead with the expected launch of BTC futures scheduled for 2019. According to the company, it has come too far to go back now.
Investment and trust companies like eToro and Grayscale also say their customers are increasing their holdings in BTC. Even with the price slump started in mid-November, Grayscale reports that its customers have an even greater appetite for BTC. Currently, the company owns about one percent of the total outstanding BTC.
Image courtesy of the Ethereum World News archives.
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