- The University of Wyoming launches Bitcoin research Institute.
BTC surpasses $69k as it attempts $70k resistance.
As a seasoned researcher and long-time observer of the crypto market, I am thrilled to witness the latest developments at the Bitcoin 2024 conference. The announcements made during this event have been nothing short of groundbreaking for the crypto community.
The Bitcoin (BTC) 2024 conference has made significant promises to the cryptocurrency community, with many pledges that could have a substantial impact on it.
Previously, AMBCrypto reported that politicians at the conference pledged to designate Bitcoin as a strategic reserve asset. Now, an exciting development emerges: the establishment of the Bitcoin Research Institute at the same event.
University of Wyoming to launch BTC Research Institute
Based on an authoritative source, the University of Wyoming is planning to establish a Bitcoin research center within its College of Arts and Sciences.
The institute will significantly contribute to research on Bitcoin (BTC) by disseminating the results of rigorously evaluated scholarly research. These findings will be instrumental in enriching the content of economics, philosophy, and other relevant courses within the curriculum.
After the recent disclosure, crypto expert and investigator Andrew M Bailey expressed his enthusiasm about joining the newly established institute. Via his X page, he announced this development.
“Wyoming is great. Starting August 2025, I will hold the position of Professor of Philosophy at the newly established Bitcoin Research Institute at the University of Wyoming. For a long time, @rettlerb and I have nurtured the dream of creating something together; this realization of our dream could not be more exciting.”
Significantly, classes are set to begin in August marking the start of the 2024-2025 academic year’s semester. Moreover, the esteemed institute has appointed crypto advocate Dr. Bradley Rettler as its new director and associate professor.
Impact on Bitcoin
Without a doubt, Bitcoin research significantly advances the credibility of cryptocurrencies within the financial world. Consequently, this progression paves the way for deeper exploration of Bitcoin in academic circles. Subsequently, heightened understanding leads to broader acceptance and utilization.
According to market studies, a significant number of individuals express neutrality towards cryptocurrencies due to limited knowledge and understanding of digital assets.
Through education and research, the adoption of Bitcoin (BTC) and cryptocurrencies will grow significantly among people from various backgrounds. This expansion in usage will lead to increased prices, larger market capitalization, and an enhanced future worth for BTC.
The Bitcoin conference and BTC
Significantly, the Bitcoin conference has contributed to Bitcoin’s price rise and market growth. Currently, Bitcoin is being bought and sold at $69,617, representing a 3.19% daily increase. Additionally, its total market value has grown by 3.15%, reaching a staggering $1.37 trillion based on data from CoinMarketCap.
Michael van de Poppe, using his Twitter handle @CryptoMichNL, drew a correlation between the recent conference discussions and the ongoing price movements in the markets.
Bitcoin has returned to $70,000. The optimistic tone of Donald Trump’s speech may lead Bitcoin to challenge its all-time high within the next few weeks. As long as it maintains a position above $60-$62K, we can expect more growth.
The recent increase in Bitcoin prices is indicative of investors’ changing perceptions towards the cryptocurrency market. Over the past two months, the price of Bitcoin dipped under $60,000, signaling a shift in market sentiment.
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2024-07-29 15:04