Bitcoin Timeline

BTC, Tether, Market Synergy: Timeline

Follow the evolution of Bitcoin, Tether, and Market Synergy in our comprehensive timeline, from Bitcoin’s beginnings during the financial crisis to Tether’s emergence as a stablecoin leader and Market Synergy’s pivotal role in cryptocurrency infrastructure.

Explore the key events that continue to shape this groundbreaking sector.

2008
The Dawn of Bitcoin
  1. In the shadow of the global financial crisis, a person or group under the pseudonym Satoshi Nakamoto publishes the Bitcoin whitepaper. It outlines a revolutionary peer-to-peer electronic cash system, completely decentralised and free from government control.
2009
Bitcoin Takes Its First Steps

1. The Bitcoin network comes online with Satoshi mining the first block, known as the Genesis Block. This event marks the birth of the cryptocurrency era. The first transaction occurs when Satoshi sends 10 bitcoins to cyberpunk Hal Finney.

2. End of Year Price: $0.001.
2010
Bitcoin Begins to Spread Its Wings
  1. Bitcoin's first real-world transaction famously occurs: 10,000 bitcoins exchange hands for two pizzas, setting a precedent for future value. By the end of the year, Bitcoin establishes its initial monetary value in traditional currency terms, forever immortalised as "Bitcoin Pizza Day."
  2. End of Year Price: $0.30
2011
The Rising Tide of Altcoins
  1. As Bitcoin's concept proves viable, other cryptocurrencies emerge. This year also marks Bitcoin's first parity with the US dollar, signalling growing investor interest and confidence.
  2. End of Year Price: $4.70
2013
The $1,000 Milestone
  1. The cryptocurrency’s value hits $1,000 for the first time, spurred by increased interest and speculative investments. This milestone cements Bitcoin's position as a serious player in the financial world.
  2. End of Year Price: $754
2014
The Mt. Gox Meltdown
  1. Bitcoin faces its first major crisis when Mt. Gox, one of the largest exchanges, collapses due to a hack. This event tests the resilience of the budding cryptocurrency market.
  2. Tether, initially launched as Realcoin, debuts as the first major stablecoin, pegged to the US dollar to provide stability in the volatile crypto market.
  3. Market Synergy begins researching the potential of cryptocurrency, setting the stage for future initiatives.
  4. End of Year Price: $318
2015
Recovery and Recognition
  1. Bitcoin begins to stabilise and regain trust. The ecosystem flourishes with more developers and startups focusing on blockchain technology, expanding Bitcoin’s applications.
  2. Tether rebrands and gains traction, bridging the gap between fiat currencies and digital assets.
  3. End of Year Price: $430
2016
Market Synergy Explores Crypto Integration
  1. Market Synergy explores how to apply its market experience to the cryptocurrency world, setting the groundwork for strategic partnerships.
  2. Tether gains widespread adoption, becoming a key trading pair on major exchanges.
  3. End of Year Price: $900
2017
Mainstream Mania
  1. Bitcoin's value skyrockets to nearly $15,000 by year's end. The dramatic rise captures the attention of both the public and traditional financial institutions, though it’s followed by significant price corrections.
  2. Market Synergy partners with Bitfinex to build market-leading infrastructure.
  3. Tether solidifies its role as the dominant stablecoin, frequently used to facilitate trades amid Bitcoin’s volatile bull run.
  4. End of Year Price: $13,850
2018
Market Synergy Goes Live with Bitfinex
  1. Market Synergy successfully launches standalone connectivity for Bitfinex, enhancing the exchange’s trading capabilities.
  2. Despite facing scrutiny over its reserves, Tether maintains its dominance as the leading stablecoin.
  3. End of Year Price: $3,700.
2020
Institutional Embrace
  1. Amidst global economic uncertainties, Bitcoin attracts major institutional investments, recognised not just as a speculative asset but also as a potential hedge against inflation.
  2. Tether remains the most used stablecoin, growing its market cap rapidly as a preferred tool for liquidity and stability in trading.
  3. End of Year Price: $28,993
2021
A New Peak and a Legal Tender
  1. Bitcoin sets a new all-time high, crossing $64,000. Meanwhile, El Salvador adopts Bitcoin as legal tender, a historic first, integrating cryptocurrency into everyday economic activities.
  2. Despite ongoing concerns about its reserves, Tether continues to play an essential role in the crypto market.
  3. End of Year Price: $46,211
2022
Volatility Amidst Uncertainty
  1. The year is marked by sharp rises and falls in price, reflective of the broader economic challenges and regulatory debates surrounding digital currencies.
  2. Tether faces competition from emerging stablecoins but remains the leader, facilitating billions in daily transactions.
  3. End of Year Price: $16,630
2023
Stability and Maturity
  1. As Bitcoin continues to evolve, it gains deeper integration with global finance systems, showing signs of maturing as an asset class.
  2. Tether continues to be pivotal in providing market stability despite regulatory challenges.
  3. End of Year Price: $42,114
2024
The ETF Era Begins
  1. As Bitcoin continues to evolve, it gains deeper integration with global finance systems, showing signs of maturing as an asset class with a number of successful ETFs launched in early 2024, which has driven institutional demand for Digital Assets across the sector.

2. Market Synergy plays a crucial role in enhancing crypto infrastructure during this pivotal year, further bridging traditional finance with the crypto world

3. Bitcoin hits $108,000