The paper presents the results of an investigation into factors that influence expectations towards new technologies on an example of blockchain technology (BC). The authors propose a research model that encompasses information sources, knowledge and usage factors, and three types of expectations towards new technology: Technological Evolution, Social Evolution, and Social Revolution. The model was tested on the population of IT students from Cracow universities (Poland). The results indicate that students that are aware of technological and practical aspects of BC have more reserved expectations towards BC, contrary to students whose knowledge and experience of this technology is superficial, and whose expectations are high and might be classified as Social Revolution. The results of research might help in shaping education curricula at universities. The proposed model might be useful in the investigation of attitudes towards other new technologies.