Crypto ATM installs declined in 2023, but a post-halving Bitcoin price growth spurt should see the space rebound, says Brandon Mintz.
Bitcoin ATMs will likely see a global acceleration in installations after the Bitcoin halving, a period when crypto FOMO (fear of missing out) typically hits a fever pitch, according to the boss of a major Bitcoin ATM operator.
In 2023, crypto ATM installs had their first-ever yearly decline in a decade, owing to a bear market likely exacerbated by the collapse of several crypto firms.
However, Bitcoin Depot CEO Brandon Mintz notes that 2024 has already started with a bang, with 1,469 crypto ATMs installed in just the first three months, compared to the over 3,000 removed by around the same time in 2023, according to data from CoinATMRadar.