Satoshi Nakamoto released the Bitcoin whitepaper in October 2008, and since then his invention gained a lot of popularity. After two months of Cryptographic Mailing List’s publication, Satoshi started the Bitcoin network. His technology gradually started gathering attention online, and the public would hear about it in passing in the social media and forums. In 2009, almost immediately after the launch of the Bitcoin network, several analysts, economists, students and teachers started to shift their focus on the technology powering it.
At the time of Bitcoin’s launch, scholars started researching the subject, continuously creating papers and system work to improve knowledge on cryptocurrency and blockchain solutions. In 2009, there were 83 Google scholar articles on Bitcoin, and in 2010 the number surged to 136 scholarly reports.
From 2011 to 2013, several Google scholar articles stated that blockchain technology would not last and it will ultimately waste resources. While other studies issued in early 2011 also mentioned how cryptocurrency and blockchain solutions could transform the financial world. The number of academic papers increased to 218 in 2011, and it reached about 868. In 2014, there were around 2070 scholarly articles published on the internet.
Some of the most prominent universities across the globe like Lund University, Duke Law, Princeton, Cambridge, Cornell, Oxford, Harvard, Stanford, etc. issued scholar articles focusing on blockchain. Apart from these universities, several central banks, governments and economists involved themselves writing blockchain articles. In 2019, according to a report, about 56% of the top 50 universities around the world started at least one program that involved blockchain and cryptocurrency. Since the first college study by San Francisco firm in 2018, twice as many students said that they had taken the course that included blockchain and cryptocurrency.