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The Lomond School in Scotland has become the first academic institution in the United Kingdom to accept tuition payments in Bitcoin (BTC) representing a major step in crypto mainstream adoption.

Bitcoin Represents Independence And Innovation, Lomond Says

In a recent blog post, Lomond School announced the inclusion of BTC as a payment option for tuition fees.  The management of the British school explains that this decision was driven by multiple factors including Bitcoin’s alignment with independent thinking and innovation which are part of the school’s core ethos.

Lomond describes Bitcoin as a decentralized asset with no central authority and is easily accessible and transferable, thus reflecting important principles such as democracy and inclusion. 

A statement by the school reads:

… 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.

The Scottish school further states that the adoption of BTC as a payment alternative is also driven by significant demand from local parents and international agents, showcasing the rising global acceptance of cryptocurrencies as viable financial assets.

However, Lomond has stated the school will only deal with Bitcoin at the moment which has distinguished itself from other cryptocurrencies in terms of “security, scarcity, transparency and resilience.”

Lomond: Bitcoin Treasury Is Feasible

To assuage customer fears about blockchain security, Lomond has stated that these BTC payments will be received by regulated and KYC-compliant partners — Musket and CoinCorner, on behalf of the school. However, despite this crypto-friendly approach, Lomond has stated that all Bitcoin received will be immediately converted to the Great Britain Pounds (GBP) to avoid dealing with the crypto market volatility. 

Nevertheless, there is the possibility of establishing a BTC Treasury in the advent of significant support from the school community. 

Lomond says: 

The (Bitcoin) treasury is a phased goal, not an immediate change, and it depends entirely on community support and the school’s ability to responsibly “stack sats” over time.

While Lomond may be the first British school to dabble into Bitcoin payments, academic institutions in other countries have long explored the use of the premier cryptocurrency. Some of these schools include Wharton College in the University of Pennsylvania, King’s College in New York, and major universities in El Salvador among others. Meanwhile, other academic institutions such as the University of Wyoming have developed ample resources to conduct peer-reviewed research on the “digital gold.”

At the time of writing, BTC continues to trade at $83,230 after a 3.65% price gain in the last 24 hours.

Featured image from Pexels, chart from tradingview

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The Bitcoin (BTC) market proved rather turbulent in the past week after a price decline below $75,000 was followed by a rebound to above $83,000. With the premier cryptocurrency showing indications of a sustained uptrend, blockchain analytics firm CryptoQuant has identified two potential key resistance zones lying in wait.

Bitcoin Realized Price Reveals Potential Strong Barriers At $84,000 And $96,000

In an X post on April 11, CryptoQuant shared an on-chain report on the BTC market indicating a potential encounter with two major resistances at $84,000 and $96,000 if Bitcoin maintains its current upward trajectory. These price barriers are revealed by the Realized Price metric which reflects the average price at which the current supply of BTC last moved on-chain thereby determining the market-wide cost basis. 

When Bitcoin trades above this level, it indicates a healthy bullish momentum with the majority of holders in profit. Conversely, when BTC is below the threshold, it suggests underwater sentiment as most investors are holding a loss. Therefore, the Realized price often functions as a crucial market pivot acting as strong support during bull markets and stiff resistance in bear phases. According to Julio Moreno, Head of Research at CryptoQuant, BTC’s current on-chain realized price is $96,000 with an immediate lower price band of $84,000. 

Interestingly, these two price levels have served as key support zones in the earlier bullish phase of the current market cycle. However, there is potential for both zones to act as resistance amidst the ongoing market correction. However, if Bitcoin is able to move past $84,000 and $96,000, it could signify the resumption of the bull market with the potential for the premier cryptocurrency to trade as high as $130,000. This projected gain would represent a 55% increase in current market prices.

BTC Price Overview

At press time, Bitcoin continues to trade at $83,180 reflecting a 3.65% gain in the past day. Meanwhile, daily trading volume is down by 11.99% and valued at $39.19 billion.

Amidst continuous macroeconomic developments driven by the US Government tariff changes, the crypto market continues to exhibit a strong level of uncertainty and assets fail to establish a clear momentum. However, blockchain analytics Glassnode reports that Bitcoin investors have formed a strong support zone at $79,000 and $82,080 at which over 40,000 BTC and 51,000 BTC have been accumulated respectively.

In the advent of any downtrend, both price levels are to offer short-term support and prevent a further price fall. With a market cap of $1.66 trillion, Bitcoin remains the largest digital asset accounting for over 60% of the crypto market cap.

Featured image from CNN, chart from Tradingview.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.