May 2019 was definitely an interesting month for cryptocurrencies as more projects were announced, institutional interest continued to grow and finally more than 300 Bitcoin ATMs were installed all over the world.
According to data from Coinatmradar, with the latest BTC ATMs installed in May 2019 we are now closer to the magic number of 5,000 machines all over the world.
It is equally noticeable the fact that the month of May 2019 proved to be the best month for Bitcoin this year with Bitcoin price rising almost 60% and adding more than $3,500 in the process.
If we are to analyze the same stats further on, we find that in May Bitcoin encountered a 120% growth for the last 12 months.
The same source indicates that Bitcoin is not the only cryptocurrency that becomes more popular all over the world as close to 70% of ATM machines include support for other familiar digital currencies such as Ethereum, Litecoin, Bitcoin Cash, Dash and Monero.
It is worth mentioning that right after the king of cryptocurrencies Ethereum comes as the second most popular digital asset for ATM providers with more than 150 machines including ETH support in the month of May.
So, if we look at the big picture ahead of us we are running towards the psychological number of 5,000 BTC ATM machines operating throughout the world covering more than 70 jurisdictions.
United States is again number one even in this area as most installations occurred in this part of the world. Behind United States, for the same month of May, we find United Kingdom and Hungary. Related to Hungary, we have to say that the enthusiasm displayed by the central European country reflects the overall interest for cryptocurrencies present all over the central and eastern European space.
As more and more Bitcoin ATM machines continue to emerge all over the world Bitcoin adoption will likely increase. However, we have to say that national governments will most likely start to follow this phenomenon, an element which could improve the adoption pace or slow it down.