Combining
cryptocurrency
and
immigration
policy,
a
new
investment
option
will
enable
Bitcoin
holders
to
purchase
European
Union
citizenship.
Powered
by
the
Unbound
Fund,
this
initiative
uses
Bitcoin
as
a
key
to

open
up
Portuguese
citizenship
via
the
country’s
golden
visa
program.

It
also
identified
a
pioneering
approach
towards
a
massive
step
forward
in

accepting
digital
assets
within
international
mobility
or
residency
rights.

An
EU
Citizenship
Pathway
Via
Bitcoin,
How?

Alessandro
Palombo,
co-founder
and
CEO
of
Unbound
Fund,
recently
unveiled
this
option
through
a
post
on
Elon
Musk’s
social
media
platform
X.
According
to
Palombo,
by
investing
in
Bitcoin
through
the
fund,
individuals
can
now
qualify
for
Portugal’s
Golden
Residence
Permit
Program.

 

To
qualify,
investors
must
hold
the
fund’s
Bitcoin
equivalent
of
at
least
500,000
euros
(around
$542,000).
This
is
an

indirect
holding,
to
meet
the
financial
criteria
established
by
Portugal
Immigration
policy.

Palombo
elaborates
that
the
fund’s
investment
strategy
is
firmly
rooted
in
long-term
holding
rather
than
speculative
trading,
focusing
on
companies
that
maintain
a
100%
passive

Bitcoin
position.

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

For
added
protection
and
convenience,
the
fund
also
eliminates
security-specific
risk
by
investing
in
particular
BlackRock
exchange-traded
funds
(ETFs)
to
further
its
diversification.

In
this
way,
the
dual
approach
secures
the
investment.
It
makes
it
more
attractive
to
investors
who
would
see
the
benefit
in
investing
their
BTC
outright
through
a
straightforward
and
solid
EU
residency
mentality.

A
Strategic
Mobility?

Notably,
the
program
is
seen
as
Portugal’s
answer
to
attracting
non-EU
nationals,
allowing
them
a
pathway
to
residency—and
potentially
citizenship—through
investment.

 

Although,
Palombo
added
more
context.
In
his
view,
this
program
is
not
only
about
returns
but
using
Bitcoin
to
enable
freedom
of
movement
across
borders
in
a
“mutually
beneficial
way
with
Portugal.”

Apart
from
the
financial
operations,
Palombo’s
appreciation
of
Portugal’s
program
hints
at
an
even
bigger
picture
in
this
kind
of
novel
funding
mechanism.
Palombo
noted:

I
believe
it’s
time
to
use
Bitcoin
as
a
tool
for
freedom
of
movement
in
a
mutually
beneficial
way
with
Portugal,
a
country
I
have
chosen
to
live
in
with
my
family.
There’s
no
better
EU
citizenship
by
investment
program
than
the
European
one,
for
both
technical
and
strategic
reasons.

So
far,
interest
from

prospective
investors
has
emerged
since
the
program
was
implemented,
and
Palombo
revealed
ongoing
discussions
about
developing
and
widening
the
offerings
for
Unbound
Fund.

Featured
image
created
with
DALL-E,
Chart
from
TradingView

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Author: Samuel Edyme

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