Why Bitcoin Could Never Have Been Invented In a University

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This is an opinion editorial by Korok Ray, an associate professor at the Mays Business School of Texas A&M University and Director of the Mays Innovation Research Center.

Since the announcement of its inception in October 2008, Bitcoin has reached a market capitalization of over $1 trillion. Its growth has drawn both retail and institutional investment, as the financial community now begins to see it as a legitimate store of value and an alternative to traditional assets like gold. Innovations in second-layer settlements like the Lightning Network make it increasingly possible for bitcoin to serve as a medium of exchange.

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