Tenerife Council Sells Bitcoin for Research

Tenerifes Council to Sell Bitcoin: A New Chapter in Quantum Technology ResearchThe Council of Tenerife, overseeing the Technological and Renewable Energy Institute (ITER), plans to sell 97 Bitcoin, originally bought for €10,000 in 2012. This move comes after Bitcoins recent all-time high. ITER acquired the Bitcoin for research into new technologies. The Council, facing previous difficulties, is now optimistic about selling with the help of a regulated Spanish organization. The sale could fund more research projects, including quantum technology, renewable energies, and genomics. This situation underscores the growing link between Bitcoin and quantum technology, with experts exploring potential future risks and solutions.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.