Bitcoin’s popularity keeps growing by the day.
Even in the face of regulatory speed bumps and PR fiascos, the number of merchants accepting bitcoin, the number of bitcoin wallets and the amount of venture capital invested in the industry all continue to rise.
As the public’s interest in the digital currency grows, bitcoin ATMs have proven to be critical for bridging the gap between casual onlookers and active bitcoin owners.
Bitcoin ATMs offer users the ability to instantly purchase the digital currency, which, for many first-time buyers especially, adds a touch of familiarity to an otherwise foreign experience.
While bitcoin ATMs are popping up almost everywhere around the world, it’s safe to assume the powers of supply and demand help dictate where the machines are most concentrated.
Of course the term ‘popular’ is subjective by nature and there are countless ways to measure it, but for the purpose of this report, popularity is defined by the number of bitcoin ATMs per capita in each US state.
One bitcoin ATM for every 695,000 people
2. North Dakota
One bitcoin ATM for every 723,000 people
North Dakota’s spot at number two on the list may seem unlikely, but having just one ATM had a big impact, as the state is one of the least populous in the nation.
One bitcoin ATM for every 930,000 people
One bitcoin ATM for every 1.40 million people
One bitcoin ATM for every 1.67 million people
Known for its many prestigious universities and generally progressive residents, it’s not surprising that Massachusetts made the top five of all states – there’s even a bitcoin ATM on MIT’s campus.
As of now, the sample size of bitcoin ATMs in the US is quite small. As demand for the digital currency increases and more business owners invest in new machines, hopefully bitcoin ATMs become more ubiquitous in the States and abroad.
Images via Shutterstock
- ^ The Hottest Sectors in Bitcoin, Ranked by Venture Capital Flow (www.coindesk.com)
- ^ bitcoin ATM map (www.coindesk.com)
- ^ Our data (www.coindesk.com)
- ^ very first bitcoin ATM (www.coindesk.com)
- ^ popular place for bitcoin ATMs (www.coindesk.com)
- ^ its store (www.hawaiianislandstampandcoin.com)
- ^ MIT’s campus (www.coindesk.com)
- ^ CoinDesk’s records (www.coindesk.com)
- ^ [email protected] (www.coindesk.com)
- ^ Bitcoin ATMs (www.coindesk.com)
- ^ US states (www.coindesk.com)