There once were more than 34,000 BTC ATMs. But they’ve begun to decline as Bitcoin prices drop.
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Bitcoin ATMs could be considered symbolic of the state of crypto’s popularity. During the digital-asset boom they kept appearing in what could reasonably be considered unusual locations, such as Amherst County, Virginia, a place that has no hospital but does have a Bitcoin ATM. Just in case.
The number of crypto ATMs in the US peaked in August at just over 34,000 but has begun to fall, according to Coin ATM Radar, a site that tracks global locations of Bitcoin ATMs. Will these makeshift monuments to digital assets withstand the FTX bankruptcy and subsequent decline of digital assets? Bloomberg reporter Carly Wanna joins the episode to consider the future of Bitcoin ATMs.
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This podcast is produced by the Bloomberg Crypto Podcast team: Supervising producer: Vicki Vergolina, Senior Producer: Janet Babin, Producers: Sharon Beriro and Muhammad Farouk, Associate Producers: Mo Andam and Ty Butler. Sound Design/Engineer: Desta Wondirad.
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