University of Wyoming announced the launch of the first Bitcoin Research Institute at the Bitcoin 2024 Conference.
The institute plans to allocate 4% of investments to BTC.
At the Bitcoin 2024 Conference, industry experts and US lawmakers expressed their future intuitions of the crypto market, highlighting its potential for substantial growth. Amid the pro-crypto scenario, the University of Wyoming (UW) has announced the establishment of its Bitcoin Research Institute (BRI) at this crucial event in Nashville on July 27.
The BRI is the first research institute solely focusing on Bitcoin studies. Bradley Rettler, an associate professor of philosophy and co-author of ‘Resistance Money: A Philosophical Case for Bitcoin’ is the inaugural director. However, this Institute is to officially open in August 2025, confirmed by Andrew M. Bailey, who will soon be a professor there, on X.
As per the University of Wyoming’s statement, the BRI is in need as the Bitcoin research is below par. Also there is a lack of access to the in-depth Bitcoin studies, the institute aims to upgrade the quality and impact of BTC research by providing incentives for academic research. It is to encourage new scholars to pursue the research projects and conduct workshops.
Furthermore, the Bitcoin Research Institute plans to run gripping events. That includes annual summer workshops, public outreach events, seminars, and special academic journal issues to connect scholars to Bitcoin studies.
In a series of X posts, Rettler explains, Bitcoin is versatile in theory and practice. Journalists rely on academics for more expertise. It further explains that if there is good academic research on BTC, people can understand and interpret it better. Moreover, he adds that the University of Wyoming is the most accurate place for this.
The series of posts ends as he explains that the BTC Research Institute is classified as a nonprofit and is accepting BTC donations directly to assist research. Also, they allocate 4% of investments to BTC. Hence, Rettler emphasizes that if BTC are donated, they do not plan to sell it.
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