Chronicle

Before Bitcoin

How Digital Money Became Possible

Years
1976–2008
Length
About 7 min
Reading pathFrom scratchExpert (skip the groundwork)

Where this chapter sits on the curve

$1K$10K$100KNo exchange quotes yet2013-11 · The first cycle the public noticed · $1,1202014-02 · Mt.Gox files for bankruptcy · $5522015-08 · Ethereum mainnet goes live · $2302017-12 · Token-issuance mania peaks · $13,8802018-12 · The winter · $3,6932020-09 · DeFi Summer · $10,7782021-11 · Cycle high · $56,9742022-11 · The chain reaction · $17,1702024-01 · Spot ETFs approved · $42,55820082013201720212026

BTC month-end close · log scale · data from Bitstamp, cross-checked against Binance BTCUSDT over 109 months (max deviation 1.8%) · as of 2026-08-27

Figures are month-end closes, so the peaks here sit below the intraday highs — 2017 reads $13,880, not the 19,800 usually quoted.