Cryptocurrencies have come a long way, from being an obscure interest primarily embraced by tech enthusiasts and early adopters to becoming a global asset class that attracts both retail and institutional investors. In the early stage, crypto was the domain of geeks and tech-savvy individuals who believed in its potential. They mined coins, discussed them on forums, and explored their use cases.
Over time, cryptocurrencies gained wider acceptance. Retail investors joined the market, facilitated by user-friendly exchanges and wallets. Cryptos started to be used for everyday transactions, with more businesses and merchants accepting them as payment. It increased practical usage and further encouraged people to enter the crypto space.