Hold #Bitcoin and acquire Portuguese/EU Citizenship
It is now possible to acquire Portuguese/EU citizenship by indirectly holding #Bitcoin worth €500K.
I am excited to introduce https://t.co/DgqCyGTfgv
Unbound Fund is the first Golden Visa eligible fund that gives you… pic.twitter.com/SVJjjg8x70
— Alessandro Palombo (@0x_ale) July 23, 2024
The Unbound Fund’s strategy aligns with Portugal’s increasing openness to cryptocurrency investments. Palombo, who resides in Portugal with his family, stated,
“I believe it’s time to use Bitcoin as a tool for freedom of movement in a mutually beneficial way with Portugal.”
He considers the European citizen-by-investment program the best option for both technical and strategic reasons.
This development comes at a time when Bitcoin has been experiencing significant price movements. The cryptocurrency recently reached a 40-day high of $68,518 on July 22. Market analysts attribute this surge to the conclusion of the German government’s Bitcoin sell-off and investor optimism regarding potential interest rate reductions by the U.S. Federal Reserve in 2024.
The Bitcoin futures premium, an indicator of professional traders’ sentiment, hit a five-week high, suggesting positive expectations for future price movements. However, as of July 24, Bitcoin’s price had adjusted to $66,404, according to data from CoinGecko.
Palombo reports that the Unbound Fund has already onboarded customers and is engaged in discussions with complementary teams to expand its offerings. This initiative represents a unique intersection of traditional investment-based immigration programs and the burgeoning world of cryptocurrency.
For potential investors, it’s important to note that while this opportunity provides an innovative path to EU citizenship, it also carries the inherent risks associated with cryptocurrency investments. The volatile nature of Bitcoin prices means that the value of investments could fluctuate significantly over time.
The introduction of this Bitcoin-based golden visa option reflects the growing acceptance and integration of cryptocurrencies in mainstream financial and legal frameworks.
It also highlights Portugal’s position as a forward-thinking jurisdiction in terms of cryptocurrency adoption and investment opportunities.
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Publish date : 2024-09-26 03:52:00
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