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Cryptocurrency News Articles

Lomond School Launches Satoshi Scholarships, a Bitcoin-Powered Scholarship Initiative

May 08, 2025 at 05:21 am

In a bold new step blending education and Bitcoin innovation, Lomond School has announced the launch of the Satoshi Scholarships

Lomond School, the first school in the world to accept Bitcoin (BTC) for tuition fees, is launching the Satoshi Scholarships and a new Austrian economics curriculum.

The independent co-educational day and boarding school in Scotland is offering 21 two-year boarding scholarships and 21 two-economics. Each scholarship is designed to empower students with a passion for economics, innovation, and critical thinking, regardless of their background.

The initiative comes in response to the overwhelming support from the Bitcoin community since Lomond School began accepting the cryptocurrency for tuition.

“The response from the Bitcoin community since announcing our acceptance of Bitcoin for fees has been phenomenal,” said Claire Chisholm, Principal of Lomond School, in an interview on the Bitcoin Collective Podcast with host Jordan Walker.

“The scholarship programme seemed like the natural next step. We are grateful to Dr Saifedean Ammous for joining us on this journey to introduce students to the principles of Austrian economics, and I invite committed supporters to join us as benefactors and help shape the next generation of economic thinkers.”

The scholarships will fully cover the school’s prestigious International Baccalaureate (IB) programme.

The school’s new economics curriculum will be developed in collaboration with Dr Saifedean Ammous, author of The Bitcoin Standard and host of the popular Bitcoin podcast, The Thinking Bitcoins.

The initiative will focus on introducing students to the principles of Austrian economics, sound money, and the ethics of financial liberty.

“I am delighted to be working with Lomond School on this incredibly exciting project,” said Dr Ammous.

“The future of freedom and prosperity depends on the next generation understanding sound economics. With this partnership, we aim to plant the seeds of long-term thinking and financial literacy early in life.”

The curriculum will complement Lomond’s already progressive learning model, with hands-on Bitcoin integration. Students will explore decentralized finance principles, interact with Bitcoin mining hardware donated to the school, and gain practical understanding of monetary systems beyond the traditional classroom.

Lomond School is actively seeking 43 founding benefactors—one for each scholarship and the flagship sponsor package.

As Chisholm put it: “Be one of the 43 to shape the future — where education meets innovation, and where Austrian economics takes root in the classroom. Help us change the world from Helensburgh.”

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Other articles published on May 11, 2025