Bitcoin Technology Market Grows 8.3% per Year

The Bitcoin technology market in the world in the period 2021-2026 is projected to grow 8.3%.

Dublin, TechnoBusiness Insights • As cryptocurrencies, Bitcoin (BTC) and other Altcoins can be owned, stored and transacted with tools that are 100% technology based.

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Therefore, along with the increasingly massive use of Bitcoin, the purchase of mining technology and so on, including Bitcoin automated teller machines (ATM) technology, continues to increase.

For example, the number of Bitcoin ATMs in the United States in 2018, according to Coin ATM Radar, spread over 3,229 locations, has now jumped to 18,881 locations. In fact, now spread in 72 countries.

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That does not include outlets that have started accepting payments using Bitcoin, which according to Ico data in October 2019 the number worldwide already includes 15,558 businesses.

Thus, ResearchAndMarkets, a global market research firm based in Dublin, Ireland, estimates that the Bitcoin technology market during 2021-2026 will grow by an average of 8.3%. In 2018, it was valued at US$273 million.

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Recently, the Bitcoin technology market has been buzzing with efforts to shift from energy-intensive mining to energy-efficient ones. The move also boosted the market value of Bitcoin technology compared to before.•

Text: TechnoBusiness Insights
Data: ResearchAndMarkets, June 2021
Photo: Pixabay

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