Bitcoin Investors Offered Path to EU Citizenship

A new fund offers Bitcoin holders the opportunity to obtain European Union citizenship through Portugal’s “golden visa” programme.

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

Alessandro Palombo, co-founder and CEO of Unbound Fund, discussed the opportunity to participate in the government programme by investing €500,000 in cryptocurrency through the fund. According to him, the structure is the first to be granted the right to participate in the “golden visa” initiative with Bitcoin investments.

Palombo stated that Unbound Fund invests with 100% passive ownership of digital gold and does not attempt to time the market for asset sales. The fund will also purchase shares of BlackRock’s BTC-ETF for “security and simplicity.”

“I believe it is time to use Bitcoin as a tool for freedom of movement on a mutually beneficial basis with Portugal — the country I have chosen for my family’s residence,” the entrepreneur declared.

He emphasised that the European “citizenship by investment” programme is the best for “technical and strategic reasons.”

Palombo noted that Unbound Fund has already attracted its first clients and partners and is in negotiations with complementary teams.

Back in December 2023, the authorities of El Salvador launched a programme offering residency and the chance to obtain citizenship for investments of $1 million in the country through Bitcoin or USDT.

In July 2024, it was revealed that the Bitfinex Securities platform abandoned the idea of tokenising the construction of a Hampton by Hilton hotel at El Salvador’s international airport. The initiative announced in April failed to attract even the initial funding of $500,000.