New Fund Offers Bitcoin Holders Path to EU Citizenship
A new fund is providing Bitcoin holders with a route to European Union citizenship through Portugal’s Golden Visa program.
In a recent post on X, Alessandro Palombo, co-founder and CEO of Unbound Fund, said that Bitcoin investors can now gain Portuguese citizenship by investing in the cryptocurrency.
Palombo highlighted that their fund is the first to qualify for the Portuguese Golden Visa program by offering exposure to Bitcoin.
Investors who indirectly hold Bitcoin worth at least 500,000 euros (approximately $542,000) through the fund will be eligible for the Portugal Golden Residence Permit Program, a five-year residence-by-investment initiative for non-EU nationals.
The Unbound Fund invests in companies with 100% passive Bitcoin holdings and does not engage in market timing to sell BTC.
Additionally, the fund invests in BlackRock exchange-traded funds (ETFs) for enhanced security and simplicity.
Palombo emphasized the potential of using Bitcoin as a tool for greater freedom of movement, aligning this with his personal decision to reside in Portugal with his family.
“The European citizen-by-investment program is the best for technical and strategic reasons,” Palombo stated, adding that they have already onboarded clients and are in discussions with complementary teams.
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
Meanwhile, the cryptocurrency market has seen significant activity recently.
On July 22, Bitcoin’s price surged to its highest
Read more on cryptonews.com
