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Crypto Head, an independent cryptocurrency media and research organization, announced on X that a $100 million raise by Bitcoin ATM operators to purchase BTC reflects increasing consumer trust and growth in retail crypto infrastructure.
Bitcoin ATMs are specialized kiosks that allow users to buy or sell Bitcoin using cash or debit cards. According to Crypto Head, these machines often serve as an access point for retail investors who may not use traditional exchanges. As of early 2023, there were over 34,000 Bitcoin ATMs installed worldwide, with the United States hosting the majority. This indicates a strong focus on retail adoption of cryptocurrency. These machines typically involve higher transaction fees than online platforms but provide convenience and accessibility for small-scale investors.
The Bitcoin ATM market has been expanding rapidly. Industry projections estimate it could surpass $5.5 billion in value by 2030, growing at a compound annual growth rate of over 60%. This growth is attributed to increasing retail demand, broader cryptocurrency adoption, and the establishment of supportive infrastructure worldwide. Market reports suggest that companies operating these ATMs have begun raising substantial funding, reflecting investor confidence in the sector’s scalability.
