Bitcoin ATM might have its shortcomings but its spread is showing that Bitcoin adoption is growing even in the face of stringent government policies.
It is not only the value of bitcoins that is bullish, the popularity of bitcoins is also increasing, so I expect bitcoin ATM's to be increasing in number too. Next year, the number of these ATM's will increase, and the number of users also likely to increase. Government trying to limit bitcoin growth has not worked, the internet has made information accessible to everyone, so it is easier not to believe the government.
And with that, can we say as well the there is a connection between the rise and fall of Bitcoin ATM around the world, as it could be that in bearish cycle, there is a decline and some of them closes and when we are in a bull run, the numbers go up as well?
I don't see that the government is trying to limit Bitcoin growth, it's already a given fact that some countries are authoritative and doesn't want to give their people freedom, hence they are anti-Bitcoin.
What is good though is that there are still a lot of countries that is in the grey area, meaning it is not legal but at the same time not illegal as well and so that could be the difference that we are seeing in terms of growth and adoption.