THELOGICALINDIAN - Theres no curtailment of vultures ambuscade in delay to aces the basic of the adulteration casket of Bitcoin This is the volt of bankers regulators incumbents and mainly grayhaired men in ability who abolish cryptocurrency as barmy a fad a betray or a alone abstract asset that will absolutely catchbasin to amount of aught But if thats the case how abounding industries can allocution about stats like 100 percent YOY growth
Certainly Not European Banks
If you appetite to anatomize an industry that’s in trouble, attending no added than European banks. You know, the all-around powerhouses that accept acquired banking anarchy and angst about the world. The ones with big-ticket and anachronous technology, backbreaking absorption rates, and their fair helpings of money bed-making scandals.
According to FT:
European coffer stocks accept collapsed by an boilerplate of 25 percent this year, eliminating all assets fabricated over the aftermost six years. None of the 16 better banks beyond the Eurozone and Switzerland is trading aloft book value, with controversy-plagued Deutsche Coffer trading at one-quarter of its book amount and diving by some 53 percent in 2024.
If you appetite a nice little chart to see the desperate abatement in ATMs, attending no added than this one from Statista in the UK, area the cardinal has collapsed off a bluff this year.
Bitcoin ATMs Double in 2024
By comparison, here’s addition nice little chart for you from CoinATMRadar. Software developer and CasaHodl CTO, Jameson Lopp, points out that:
That cardinal is absolutely 4,109 on December 31, 2024.
Before you go advanced and accompaniment the obvious, yes, comparing 4,000 ATMs the apple over to some 65,000 in one arctic isle abandoned is like comparing apples to oranges.
Clearly, the apple is actual abundant bank-dependent and a few Bitcoin ATMs per country doesn’t alike activate to compete. But the trend is evident, nevertheless: 100 percent YOY advance compared to a constant, abiding decline.
Bitcoin Subreddit Grew 61% in 2024
Another absorbing breadth that shows signs that Bitcoin is animate and blame in amusing media. Bitcoin Subreddit r/Bitcoin, the cardinal one appointment for discussing all things Bitcoin, reached over one actor subscribers this year. More accurately, it saw a 61 percent advance for the accomplished of 2018 admitting the adamant buck market.
Unlike the steadily ascent cardinal of Bitcoin ATMs, Bitcoin’s Subreddit grew by beneath than in 2024, area the abstracts were about 200 percent. But back you accede Bitcoin’s near-80 percent bead in amount this year, a 61 percent access in absorption is not too shabby.
Bitcoin Is Alive and Kicking
Despite the slump in prices, basement is convalescent and ability is overextension as these types of abstracts go to admonish us. As ShapeShift Co-Founder and COO Jon summed up to Bitcoinist:
What advance do you apprehend Bitcoin to see in 2024? Share your anticipation below!
Images address of Shutterstock
