Bitrabo Editorial
A new investment fund merges cryptocurrency and immigration by offering Bitcoin holders a chance to obtain European Union citizenship. The Unbound Fund presents a unique approach to gaining Portuguese citizenship through the country’s golden visa scheme.
This initiative marks a significant advancement in integrating digital assets into global residency rights and mobility.
How to Attain EU Citizenship Through Bitcoin?
Unbound Fund’s co-founder, Alessandro Palombo, introduced this innovative pathway via an announcement on Elon Musk’s X platform. By investing in Bitcoin through the fund, individuals become eligible for Portugal’s Golden Residence Permit Program.
To qualify, investors must hold at least 500,000 euros worth of Bitcoin through the fund, meeting Portugal’s immigration financial requirements indirectly.
The fund focuses on long-term Bitcoin holding strategies, emphasizing passive investment in companies with a 100% Bitcoin position.
Additionally, the fund mitigates security risks by investing in specific BlackRock exchange-traded funds (ETFs), ensuring diversification and attractiveness to potential investors seeking EU residency.
Strategic Mobility and Benefits
Portugal’s program aims to attract non-EU nationals, offering them a residency and potential citizenship pathway through investment in Bitcoin.
Palombo views this initiative beyond financial gains, highlighting Bitcoin’s role in enabling borderless movement in cooperation with Portugal.
Furthermore, Palombo recognizes the broader implications of Portugal’s program, emphasizing the strategic significance and the mutual benefits it offers to investors and the country.
Interest from investors has surged following the launch of the program, with ongoing discussions about expanding Unbound Fund’s offerings in the future.
Featured image created with DALL-E, Chart from TradingView