The number of Bitcoin and other crypto ATMs has kept increasing this year.

[Stalker22]

I don't expect the number of bitcoin ATM or other bitcoin payment gateways to increase in this year 2024 because right from the early days of 2024, bitcoin network have witnessed alot of network crisis and this have resulted into high fees and network congestions, all this will contribute negatively to the motivations of bitcoin users to adopt such services as bitcoin ATMs because using such platforms will requires payment of high fees and longer waiting time.

So bitcoin users can't afford to be subjected to such exorbitant fees because of that there will be decreas in the demands for bitcoin ATM in some place.

I think that is a wrong conclusion. Most crypto ATMs (all of them, actually?) and other payment gateways support a wide variety of cryptocurrencies, not just Bitcoin. This means they can offer transactions on faster, less congested networks for users who are not hung up on using Bitcoin specifically.

Besides, did you check the sources posted in the OP? The actual data contradicts your statement completely.

As of 2024, there have been 2,564 new cryptocurrency ATMs installed, indicating a positive trend compared to the net loss of 2,861 machines in 2023, according to Coin ATM Radar.

[jaberwock]

Bitcoin ATM might have its shortcomings but its spread is showing that Bitcoin adoption is growing even in the face of stringent government policies.

The news article reports that the U.S has > 82% of BTC atm's worldwide, so i don't think there is that 'spread' that you are talking about. However, it is not a bad news, so..yeah. The government of countries where BTC ATM's operate do not have a problem it, as long as the BTC atm operators have been approved by the authorities to operate and set up their machines in the country.

I thought US is that strict when it comes to crypto/BTC, so I was surprised when I see that data. But even if the spread is mostly happening on one country only, that can still be considered as a spread and we can still say that the adoption is growing. News like this are not an example of bad news but it is automatically a good one.

I think government and authorities are the same but I know there are also other authorities like for example Police. Anyway, government still has the power before them and can dictate whether this or that thing is allowed or not. There are reasons on why a government can ban a crypto but only if they will try to be more open-minded, they can only gain a benefit with it.

[Darker45]

Despite the high numbers, the room for growth is still huge. The reality is that Bitcoin ATMs are still sparse all over the world. Since their existence is only concentrated in a few countries, it's still possible that the number would even double in several years.

However, the convenience offered by Bitcoin ATMs could be easily matched by the convenience offered by online platforms. Aside from high fees, there's the strict KYC that most Bitcoin ATMs are implementing.

[Fiatless]

That can be done only in the countries bitcoin and other Cryptocurrencies. And if the ATM machines were declined in year 2023 In July from 39,541 to 32,471 then it was because of the bitcoin dip in 2022 and increase in 11 months interval again and then again it is because of the increase in price on bitcoin. Bitcoin started it increased signal from September 2023 so in this period investors have interest to build more and that is the business strategy.
Investors must be calculative.

You need to back your speculation with research or a study that indicates that there is a correlation between the price of Bitcoin and the installation of Bitcoin ATMs. A suspect that the decline of Bitcoin ATMs in 2023 was due to government regulations. It was reported that many crypto ATMs were shut down in many European countries, especially in the UK due to regulatory laws.

I don't expect the number of bitcoin ATM or other bitcoin payment gateways to increase in this year 2024 because right from the early days of 2024, bitcoin network have witnessed alot of network crisis and this have resulted into high fees and network congestions, all this will contribute negatively to the motivations of bitcoin users to adopt such services as bitcoin ATMs because using such platforms will requires payment of high fees and longer waiting time.

So bitcoin users can't afford to be subjected to such exorbitant fees because of that there will be decreas in the demands for bitcoin ATM in some place.

High transaction fees in the Bitcoin network are not permanent. It happens when there is an attack on the network and in some cases, it lasts for a few days. So you cannot conclude that it will scare people away from using Bitcoin ATMs. If you do a quick research you will know that even in the face of these challenges more ATMs are been installed. Maybe there are other motivating factors that you and I have not recognized for the increase of these machines. In any case, the increase of crypto adoption globally is a determinant factor.

[Justbillywitt]

That can be done only in the countries bitcoin and other Cryptocurrencies. And if the ATM machines were declined in year 2023 In July from 39,541 to 32,471 then it was because of the bitcoin dip in 2022 and increase in 11 months interval again and then again it is because of the increase in price on bitcoin. Bitcoin started it increased signal from September 2023 so in this period investors have interest to build more and that is the business strategy.
Investors must be calculative.

That might not actually be the case. It cost a lot of money to install a bitcoin ATM machine. So a dip in bitcoin price won't make people remove bitcoin machine. Bitcoin transactions are always ongoing wether there is a dip or not. So I don't think the dip will make people remove bitcoin machines. Government regulations/clampdown on bitcoin ATM machines could be one of the major reasons why those machines were removed or possibly low interest from bitcoin users could also be a reason for it's removal. People who installed it in the first place knew that bitcoin is not a stable coin, so a dip in bitcoin price couldn't have led to the removal of those machines.