Sebastian is the Chief Strategy Officer at Coinsource, a Bitcoin ATM provider in the United States.
“In 2022, we expect more countries to follow El Salvador’s lead and adopt Bitcoin as legal tender, especially countries across Latin America and Asia. As a result, we expect the number of Bitcoin ATMs to increase across Latin America and also in Europe. With the introduction of new countries, it is likely that US dominance in the crypto industry will be reduced.
Regulation of crypto will last until 2022, which is generally a good thing. However, it must be appropriate and appropriate for all. We have the potential to solve compliance in many protocols once and for all, so we need to double that. The industry is well on its way to raising standards for measuring compliance, but a dialogue is needed between experts on both sides of the regulatory debate.
The nefarious activity in the crypto space has been in sharp decline for several years. An alignment of regulation, as in the EU with MiCA, will create a level playing field that will enable further growth in the long term. We hope the US will soon follow suit by providing regulatory clarity and guidance that it considers a key hub for global crypto innovation.
We saw tremendous growth within the Bitcoin ATM or BTM industry in 2021, with global installations increasing by 70%. We don’t see this slowing anytime soon. With so much activity in the market and the strong demand for BTMs from all sorts of known and new target customer groups, we assume that the BTM space will grow at a similar or even faster rate. The number of BTM installations is forecast to reach 100,000 by 2025 and we would say that this is a conservative estimate. “
