Bitcoin is preparing to break through the level of 4 million rubles.

Despite the low inflation rate in Russia (5.7% in February), one Bitcoin already costs 4 million rubles. In developed countriesfree cash can be exchanged for cryptocurrency in the PayPal system or directly at ATMs, and even government pension funds have turned to crypto investments.

The recognition of cryptocurrencies is not reflectednot only in the influx of institutional investors, but also in the expansion of services for retail buyers. Now over 36 crypto ATMs are installed in the world per day.

The total number of Bitcoin ATMs has increased overper year by 10,000 and now stands at 16,835 cars. The US dominates both in the number of devices and in the rate of introduction. This country accounts for over 80% of ATMs. In developing countries, the leaders in the number of crypto ATMs are Hong Kong (85), Russia (53) and Colombia (46).

You can sell Bitcoin and get cashonly 22% of ATMs, but their share is growing. Owners of cryptocurrencies are increasingly choosing cold wallets for storage. Over the past 4 months, exchanges have recorded a net outflow of Bitcoin totaling $10 billion. The latest price drop to the levels of $48,000 - $45,000 in the analytical firm Cryptoquant is also associated with large volumes of withdrawals from the Coinbase Pro exchange.

Interest in cryptocurrencies continues to grow - this heats up prices and Bitcoin is preparing to exit above the 4 million rubles mark.

Yesterday it became known that the Israeli pensionthe Altshuler Shaham fund (~ $ 50 billion under management) has a $ 100 million stake in the Grayscale Bitcoin Trust. And before that, we talked about the purchase of shares of the mining company Roit Blockchain by the CalPERS Californian pension system.

The world is changing and more and more new members are joining the cryptocurrency community. Do you think it's not too late to buy Bitcoin? Let us know in the comments!

Analytical group StormGain