Since its introduction in 2009, cryptocurrency has gone through a number of bull and bear cycles. The crypto industry is currently booming, according to StormX CEO Simon Yu, with retail and institutional interest in the field expanding. "Companies are no longer springing up with arbitrary use cases; instead, they are succeeding by bringing value to consumers' lives," Yu says. In terms of the current market, Bitcoin is trading in the $30,000-$40,000 zone as of this writing.