Bitcoin ATM industry grew over 2017 year with accelerating speed. Back in 2014 we did a forecast of how many installations of machines there will be in several years. You can find the table at the end of the post on comparison of traditional bank ATM growth vs. bitcoin ATM growth. The forecast was done based on bank ATM installations back in 1970-s. After 7 years we assumed there will be 2900 ATMs installed worldwide. Today (~4.5 years since first bitcoin ATM installation) there are already more than 3000 ATMs installed worldwide. And the speed if installations is only accelerating over previous years:
After experiencing the downfall in March, this April Bitcoin prices went in a different direction. They started to rise steadily from the beginning of the month, starting at $6,794 and peaking at $9,556 on 24. April ended with a value of $9,260, which comes to a 36% rise since beginning of the month.
Accompanying the upward price trajectory was the growth in the number of new machines.
Period Start: 2667, Period End: 2878
Opened: 250, Closed: 39, Net Growth: +211(+7.9%)
Unlike the prices that fluctuate since the year started, the number of new machines continues to follow a steady increase. That trend continues in April.
This March Bitcoin price experienced a steady downfall. After reaching the highest price since the end of January at $11,565, at the beginning of the month, the price of Bitcoin started its decline. If you exclude a couple of bumps in the middle of March, the price faced a constant decrease and finished the month with $6,935, a 40% decrease in comparison to the beginning of the month.
Unlike the price downward trajectory, the number of new machines continues to grow.
Period Start: 2401, Period End: 2649
Opened: 289, Closed: 41, Net Growth: +248 (+10.3%)
In January the world of cryptocurrency experienced quite a bit of volatility. The first week of February saw Bitcoin hit its lowest price for the year. As the month progressed the price began to climb back up. Despite a few dips, Bitcoin closed the month at $11,009, a 23.6% increase from the price at the beginning of the month.
Accompanying the upward trajectory was the growth in the number of new machines.
Period Start: 2197, Period End: 2392
Opened: 237, Closed: 42, Net Growth: +195 (+8.9%)
Our last review covered September through November. Now we will take a look at the first month of the new year. The price of Bitcoin steadily soared to record highs through the first half of December. After peaking at $19,499, volatility has been the norm since then. The price of Bitcoin has seen sharp rises here and there, but overall for the month of January, it has progressively declined in value. In spite of the downward trajectory, the price of Bitcoin still remains high when compared to previous years.
The growth rate has remained steady for new machines.
Period Start: 2025, Period End: 2153
Opened: 149, Closed: 21, Net Growth: +128 (+6.3%)
Previous similar review was about August. Filling the gap of 3 months in this post we cover what are the main changes in bitcoin ATM statistics over last 3 months: September — November.
There was a drastic change of bitcoin price over this time, it grew from $4912 in beginning of September to $10884 at the beginning of December (more than 2x growth).
Demand for buying cryptocurrency supported the installations of new machines and new operators entering the market. Here are general figures for 3 months:
Period Start: 1514, Period End: 1890
Opened: 519, Closed: 143, Net Growth: +376 (+24.8% or 7.6% per month)
August showed the ATH price for Bitcoin. By end of month the cryptocurrency reached $4900 mark, which is almost 50% over the price just 1 month ago.
New bitcoin ATM installations also peaked in August 2017:
Period Start: 1409, Period End: 1515
Open: 133, Closed: 27, Net Growth: +106 (+7.5%)
During July 2017 bitcoin price fluctuated a lot. In the beginning of the month it fell to less than $2000 per BTC, but then quickly gained back and month closed at roughly $2700 per BTC, which was higher than the price of end of June 2017.
Bitcoin ATM new locations also increased drastically over July 2017:
Period Start: 1331, Period End: 1402
Open: 112, Closed: 41, Net Growth: +71 (+5.3%)
During June 2017 bitcoin price stabilized at the $2500 levels. At the end of June price was $2432, which is approximately the same as it was at closing of May 2017.
While price of bitcoin stayed at highest level over history, installation of bitcoin ATMs also reached new highs during June 2017:
Period Start: 1233, Period End: 1324
Open: 120, Closed: 29, Net Growth: +91 (+7.4%)
May 2017 was a great month for all cryptocurrencies growth. Bitcoin also grew substantially in price ($2400 at the end of May).
This has driven a lot of new demand and new users to cryptocurrency world. New traffic to existing bitcoin ATMs incentivized new installations. Here is the stats for May 2017:
Period Start: 1158, Period End: 1236
Open: 95, Closed: 17, Net Growth: +78 (+6.7%)