According to BlockBeats, on July 29, Cointelegraph reported that the University of Wyoming will establish the UW Bitcoin Research Institute in August. The new institute aims to provide "high-quality peer-reviewed" research on Bitcoin. Bitcoin activist and University of Wyoming associate professor Bradley Rettler will serve as the director of the institute.

Bradley Rettler reportedly believes that existing Bitcoin research results are "poor" and emphasizes that the industry needs more "high-quality peer-reviewed" publications to ensure that the public has a correct understanding of what Bitcoin is and how it works.