In the last couple of months in my travels wherever I went I could find Bitcoin ATM Machines. It's good to see that the Bitcoin is legalized in many parts of the world and people find a need for the ATM machines. I could find the ATM Machines in Milan, Rome, Geneve and Zurich. All the major hubs in Europe I guess are getting them installed. Though right now we may only see 1 or 2 in number, but this is just the beginning and once it's started there is no looking back.
Yesterday I was having a talk with some friends and they still are reluctant about investing in Crypto. With the recent market in down trend people are feeling skeptical and still there is a large group of people who have yet not ventured out in this space. They feel scared with the extremes ups and downs but still 2 of my friends did agree that so far this is the best investment. It may have gone down but if we look at it's last 5 to 6 years history where in 2016 the price of BTC was 2000 and now it's 20000, which is 10 times the returns in this extreme down market. Which investment would give 10 times returns in a span of 6 years. Gold, Real Estate, Mutual Funds, non of them would give this type of returns. It may seem like it has crashed but imagine in the last 6 to 7 years it went upto 60K which is 30 times. It's insane to even think about it with any other investment.
This machine I spotted in the Hotel of Geneva, where you can buy and sell these coins through the machine. Quite a convenience for people on the go.
I do not know in India when will we see Bitcoin ATM machines, it may take a very long time due to all the regulations and push back from the governments to legalize it but sooner or later they may have to do it as Digital currency is the future and they cannot run away from it. Though it may take many years. As more and more people turns towards Crypto investments then these systems will start setting up and fall in place.
This one I spotted in Rome outside our hotel itself.
People's mindset keep changing with the ups and downs of market. When the market is down everyone feels hopeless about this investment and when the market goes up everyone again starts looking at it. Well, it should rather be the opposite way. For those who are already in this market for a while will not look at it the same way. Rather they realize that it's the opposite.
As of now it's good to see that gradually many countries are adopting it and making it easier for people to carry on the transactions.
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