££ Tuition Fees? School Goes Crypto! 🤯

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Right then, gather ’round, because Lomond School in Scotland, bless their forward-thinking kilts, are going to be accepting Bitcoin (BTC) for tuition fees starting in the Autumn semester of 2025. Yes, you heard right. Digital doubloons for education! 🏴‍☠️ Seems like the first school in the United Kingdom to jump on this particular bandwagon. One wonders if they’ll accept haggis in the future…

Apparently, this Bitcoin bonanza is all part of a grand plan to weave “sound money principles” from the Austrian School of Economics into the curriculum. “Prepare students for the uncertain future,” they say. Uncertain? More like utterly baffling! 🤪 The announcement also chirps:

“Bitcoin is available to anyone willing to learn — making it more democratic and inclusive, particularly for people in developing nations who lack access to traditional banking. Lomond sees Bitcoin as a perfect real-world case study in economics, computing, ethics, and innovation.”

One can almost hear the clinking of digital coins in the ethereal vaults of the internet. The school, rather sensibly, has no intention of hoarding a mountain of digital tulip bulbs (other cryptocurrencies, you see). Oh no, they’ll be converting the BTC to good old fiat currency faster than you can say “blockchain”. Though, they might establish a BTC treasury in the future, depending on what the Lomond community thinks. Let’s hope they have a very large abacus.

Lomond’s proclamation rather loudly trumpets the growing horde of institutions adopting Bitcoin as a sort of magical shield against inflation. All amid the general kerfuffle in the global financial order. It’s like trying to use a digital plaster to fix a crumbling castle. 🏰

Bitcoin slowly makes its way through the education system

It seems Bitcoin is now poking its nose into various schools and universities, like a curious badger sniffing out truffles. Some of these institutions have even adopted a BTC treasury strategy to protect their reserves against the dreaded “inflation” (which, let’s be honest, sounds like a particularly nasty dragon). 🔥

Back in 2022, the University of Cincinnati decided to add crypto courses to its curriculum. All in an attempt to teach students about BTC and the rather nebulous world of Web3 technologies. One hopes they’re also teaching them how to avoid scams, because there are more snake-oil salesmen in crypto than you can shake a stick at.

Mi Primer Bitcoin, a Bitcoin education initiative, partnered with the Ministry of Education in El Salvador in 2023 to integrate Bitcoin education into the school system. Imagine trying to explain blockchain to a room full of teenagers. It’s enough to make anyone reach for the aspirin.

The University of Wyoming, not to be outdone, launched the Bitcoin Research Institute in July 2024. The goal is to conduct peer-reviewed academic studies about the decentralized digital asset. One assumes this involves a lot of staring at screens and muttering about hashes.

In February 2025, the University of Austin announced that its endowment fund allocated $5 million to BTC investments. This university’s endowment fund has approximately $200 million in assets under management. That’s a lot of beans, digital or otherwise. 💰

Chun Lai, the endowment fund’s chief investment officer, said the fund wanted BTC exposure to capitalize on the financial upside of digital assets as crypto experiences increased institutional adoption. One can only hope they know what they’re doing. After all, it’s not like predicting the future is an exact science. Unless you have a very good crystal ball, of course.

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2025-04-11 23:42