For some time when one wanted to buy Bitcoin it felt like a back alley transaction. It seemed like you had to know a guy who knew a guy. Now, however, access to Bitcoin is ever-increasingly in the mainstream. Bitcoin ATMs around the world have helped enhance the cryptocurrency’s adaptation into mainstream economies.
There are currently over 50,000 Bitcoin ATMs in the United States. These numbers are steadily rising with the increase of cryptocurrency users around the world. According to Statista, a leader in market research and statistical data, there are estimated to be approximately 221 million cryptocurrency users around the world. The number of users increased a whopping 190% between 2018 and 2020.
Bitcoin ATMs are a Good Investment
The rise of cryptocurrency users has brought about market stability for Bitcoin. While Bitcoin at its inception was very rarely used, with even your average Joe using Bitcoin these days, it marks a willingness to incorporate Bitcoin into the American economy. Bitcoin ATMs, which once might have been considered a risky investment are now seen as a sound business choice – potentially increasing foot traffic into a business and thereby increasing sales.
Bitcoin Serves Everyone
Not everyone has the financial means to buy stock in Apple or Google. However, many Bitcoin users purchase the cryptocurrency using cash, meaning it opens the market to many underserved communities. Placing a Bitcoin in a location that is widely used by people from all walks of life gives access to investing in Bitcoin to just about anyone. Many investors have watched the value of their Bitcoin rise exponentially. At the end of 2020 the value of Bitcoin was roughly $20K. As of this writing, the value of Bitcoin is over $36,000. While Bitcoin can fluctuate quite a bit in its value, it has risen aggressively from its inception, when it was valued at just above zero.
Business owners seeking to increase foot traffic, customer satisfaction, and their bottom line, may seriously consider adding a Bitcoin ATM to their space, especially when paired with a regular ATM, allowing customers to withdraw cash and use it to purchase Bitcoin.
As cryptocurrencies continue to gain in popularity, giving easy access to customers seeking to invest in them is a simple way to get in on a rapidly growing market.