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- Combining cryptocurrency and immigration policy, a new investment option will enable Bitcoin holders to purchase European Union citizenship.
- This initiative uses Bitcoin to gain Portuguese citizenship via the country’s golden visa program, driven by the Unbound Fund.
- It marks a significant step forward in integrating digital assets with international mobility and residency rights.
Discover how Bitcoin holders can now leverage their digital assets to secure EU citizenship through Portugal’s innovative Golden Visa Program. Learn about the strategic advantages and financial implications.
Unveiling the EU Citizenship Pathway Via Bitcoin
Alessandro Palombo, co-founder and CEO of Unbound Fund, recently announced this new pathway via a post on Elon Musk’s social media platform X. By investing through the fund, Bitcoin holders can now qualify for Portugal’s Golden Residence Permit Program, necessitating an indirect Bitcoin holding equivalent to at least 500,000 euros (approximately $542,000).
Investment Strategy and Security Measures
Palombo emphasizes that the fund’s strategy is centered around long-term holding instead of speculative trading. This approach targets firms maintaining a 100% passive Bitcoin position. To enhance protection and convenience, the fund also invests in specific BlackRock exchange-traded funds (ETFs), minimizing individual security risks and diversifying the investment portfolio.
Strategic Mobility Advantages
Portugal’s program aims to attract non-EU nationals, offering them a pathway to residency and potentially citizenship through investment. Palombo highlights that the initiative is not solely focused on returns but also on leveraging Bitcoin for cross-border freedom of movement. He praises Portugal for its strategic and technical benefits, making it an ideal country for such investments.
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Broader Implications and Future Prospects
Palombo’s endorsement of Portugal’s program suggests a larger vision for digital assets in global mobility. He believes that utilizing Bitcoin for international movement is mutually advantageous. With increasing interest from potential investors, discussions are ongoing about expanding and diversifying the offerings of the Unbound Fund.
Conclusion
This innovative initiative by the Unbound Fund offers a unique opportunity for Bitcoin holders to secure EU citizenship. By coupling cryptocurrency with strategic investments, it opens new avenues for global mobility and financial security, marking a significant milestone in the integration of digital assets with immigration policies.
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