The University of Wyoming (UW) has announced plans to launch Bitcoin Research Institute by next month.
On July 28, the University of Wyoming announced plans to debut a Bitcoin research institute in August. The new division will analyze high-quality peer-reviewed content on Bitcoin and crypto development.
University of Wyoming to Introduce Bitcoin Education
On X, UW associate professor Bradley Rettler confirmed that the institution would incorporate Bitcoin education in the coming weeks.
The professor noted that the existing research on Bitcoin was poor, and there was a need for scholars to conduct high-quality peer-reviewed studies on the subject matter.
Citing a 2018 study by Professor Camilo Mora of the University of Hawaii on how Bitcoin emissions will increase global warming by 3.6° Fahrenheit by 2048, Rettler highlighted the researchers’ mistakes.
From his analysis, Professor Mora and the team failed to consider the difficult adjustments and block size cap. The professor noted that journalists and policymakers unknowingly publish the mistakes made during research.
Rettler regretted that journalists and legislators are not experts; they depend on studies on the subject matter. Therefore, any mistake made during research will go uncorrected. Since Bitcoin is multifaceted in theory and practical, Rettler explained the need for reliable, accurate, and consistent research on the topic.
Significance of Bitcoin Education
Beyond this, with the crypto industry’s dynamism, it is important to keep the public up-to-date with emerging trends. With the launching of the new research center, Rettler believes that the institute will help Bitcoiners make informed decisions on Bitcoin investment and understand how the crypto ecosystem operates.
Rettler has actively been researching matters concerning blockchain and cryptocurrency regulation. His interest in emerging technologies makes the professor the best candidate to head the UW Bitcoin Research Institute.
He confirmed that he will head the new institute as the director. He works closely with other UW professors interested in crypto and blockchain technologies, including as the lead author of “Resistance Money: A Philosophical Case for Bitcoin” by Andrew M. Bailey.
The university will officially launch the Bitcoin Research Institute in August at the beginning of the 2024-2025 fall semester.
In line with the UW curriculum, the institute will offer annual summer workshops and academic prizes and conduct weekly seminars. The institute will be a not-for-profit organization that accepts Bitcoin donations to fund ongoing research.
Learning Institutions Embrace Crypto and Blockchain Technologies
The institute pledges not to sell any Bitcoin donation to assist in day-to-day running of the new department. Furthermore, to ensure the smooth running of the Bitcoin research institute, the university will allocate 4% of the investment to Bitcoin.
The Univesity of Wyoming will join the University of Stanford, Harvard University, Massachusetts Institute of Technology (MIT), and Cornell University in offering Bitcoin education and research. Other institutions offering Bitcoin education include the University of Cambridge, New York University, and Princeton University.
As society becomes more interested in crypto and blockchain technology, learning institutions invest in education programs to assist investors in making informed financial decisions.
With the surge in crypto demand, policymakers are discussing ways to policy digital assets. Similarly, as the Americans await the 2024 general election, the contestants have demonstrated their willingness to support crypto.
On Saturday at the Bitcoin 2024 conference, the Republican presidential candidate Donald Trump vowed to make the US Bitcoin a superpower once he won the election. Trump promised to create a strategic national Bitcoin reserve and restrict the selling of BTC seized by the US government.
His promises aim at stopping the Biden administration from destroying the crypto industry. Trump plans to create a crypto advisory council to guide the government on digital asset regulatory and policy matters.
He vowed to fire the US Securities and Exchange Commission (SEC) chair, Gary Gensler, for enacting stringent rules that stifle the development of the digital sector. Trump’s pro-crypto spirit has encouraged American Bitcoiners and investors to support his reelection bid.
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