Bitcoin and immigration? It’s a thing now! A new investment fund is letting Bitcoin holders buy their way into European Union citizenship.
How It Works
The Unbound Fund is using Bitcoin to help people qualify for Portugal’s Golden Visa program. This program lets investors get residency (and potentially citizenship) in Portugal if they invest a certain amount of money.
Here’s the deal:
- Invest in Bitcoin: You invest in the Unbound Fund, which holds Bitcoin.
- Meet the Requirements: You need to invest at least €500,000 (about $542,000) worth of Bitcoin through the fund.
- Get Your Golden Visa: This indirect investment in Bitcoin satisfies Portugal’s financial requirements for the Golden Visa program.
More Than Just Money
The fund isn’t just about making a quick buck. They focus on long-term investments in companies that hold Bitcoin. They also diversify their investments by using BlackRock exchange-traded funds (ETFs), making it safer and more appealing to investors.
The founder, Alessandro Palombo, sees this as a way to use Bitcoin to promote freedom of movement across borders. He believes it’s a win-win for both Bitcoin holders and Portugal.
The Future of Bitcoin and Immigration
The Unbound Fund is just the beginning. Palombo says they’re already talking about expanding their offerings and attracting more investors.
This new approach to immigration could be a game-changer. It shows how Bitcoin can be used in innovative ways to achieve real-world goals, like gaining citizenship in another country.
