- The University of Wyoming launches Bitcoin research Institute.
- BTC surpasses $69k as it attempts $70k resistance.
The Bitcoin [BTC] 2024 conference has made remarkable promises to the crypto community. Many pledges have been made that would mean a big deal to the crypto community.
For instance, as reported earlier by AMBCrypto, the conference saw politicians promise to make Bitcoin a strategic reserve asset. The latest report from the conference is the launch of Bitcoin Research Institute.
University of Wyoming to launch BTC Research Institute
According to an official report, the University of Wyoming is set to launch a Bitcoin research institute. The institute will be housed at the College of Arts and Sciences.
The institute will help in research through the output of peer-reviewed academic research on BTC. The studies will play a vital role in contributing to the curriculum’s economics, philosophy, and other courses.
Source: University of Wyoming
Following the revelation, Crypto analyst and researcher Andrew M Bailey was excited to share his role in the new institute. Through his X page, he reported that,
“Wyoming is good. And from August 2025, I’ll be a Professor of Philosophy at the new Bitcoin Research Institute at the University of Wyoming. @rettlerb and I have long dreamed of building something together; this is a dream come true.”
Notably, classes will start this August with the new 2024-2025 Academic year semester. Equally, the institute will have crypto activist Dr. Bradley Rettler as the director and associate professor.
Impact on Bitcoin
Undoubtedly, Bitcoin research is a major boost for the crypto community and the acceptability of BTC as a legitimate financial institute. This helps the digital assets research enter the traditional education system, thus increasing awareness and, in turn, adoption.
As per market research, many people are indifferent regarding crypto because they lack awareness and are less informed about digital assets.
Therefore, through education and research, BTC and crypto will get a lifeline and increased adoption among individuals from all walks of life. Such a milestone will boost BTC prices, market capitalization, and future value.
The Bitcoin conference and BTC
Notably, the Bitcoin conference has boosted BTC market performances. As of this writing, BTC was trading at $69,617 after a 3.19% surge on daily charts. Equally, its market cap has increased by 3.15% to $1.37T, according to CoinMarketCap.
Michaël van de Poppe through his X handle made the connection between the conference and the current price action noting,
“#Bitcoin is back at $70,000!. Donald Trump’s speech has provided a positive impact, through which Bitcoin might be facing an ATH test in the coming weeks. As long as it stays above $60-62K, we’re in good territory for further continuation.”
Source: X
The surge in prices shows the promises are shifting the market sentiment. Over the last two months, BTC declined to below $60k; thus, the turn of events shows the change in sentiment.
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