Bitcoin has grown significantly over the past decade. It all started as a hobby for cipher banks interested in so-called "cool Internet money". Back then, it was difficult to even buy and store bitcoin, and compared to the wild price fluctuations, today's volatility seems like a walk in the park.

But the development over the years deserves attention. Bitcoin has progressed thanks to an expanding financial services infrastructure. Regulators have not stood in the way of expanding the crypto industry.

About a year ago, 82 million people owned bitcoin. It is a legal tender in El Salvador. And large corporations keep bitcoin on their balance sheets.