Why is 8 so special?

I have been reading about multi-dimensional numbers, and found out that it's been proven that the Octonions are the composition algebra of the largest dimension. I was wondering why, despite having infinitely many different dimensions of numbers, the only composition algebras are of 1, 2, 4, and 8 dimensions. What's so special about 8?


You might be interested in Hurwitz's proof of his theorem (which is not as strong as Wikipedia's statement). Here is the original German and an English translation. The maximal $n$ turns out to be the solution of $2^{n-2} = n^2$.