- Unbound Fund introduces a unique investment route allowing Bitcoin holders to qualify for EU citizenship via Portugal’s golden visa.
- Investing indirectly in Bitcoin worth approximately €500,000 through Unbound Fund qualifies investors for Portuguese residency.
- The fund combines investments in Bitcoin and BlackRock ETFs, emphasizing security and financial simplicity.
The Unbound Fund is now providing Bitcoin investors a path to European Union citizenship through Portugal’s renowned golden visa program. This innovative approach leverages cryptocurrency investment to facilitate global mobility and residency options.
Alessandro Palombo, co-founder and CEO of Unbound Fund, recently revealed that his fund offers investors the chance to obtain Portuguese citizenship by indirectly investing a minimum of €500,000 in Bitcoin. This makes Unbound Fund the first entity to link cryptocurrency investments directly to eligibility for Portugal’s Golden Residence Permit Program, a scheme designed to attract non-EU nationals seeking EU residency.
This method of investment allows participants to bypass traditional market fluctuations by investing in a stable portfolio that includes holdings in prominent companies entirely focused on Bitcoin and securities like BlackRock’s ETFs. This strategy not only secures the investment but also simplifies the process, according to Palombo.
A Mutually Beneficial Arrangement
Palombo emphasized the dual benefits of this arrangement, highlighting the freedom of movement and residency that investors can enjoy in Portugal, a country he chose for his own residency. He expressed his view on using Bitcoin not just as an investment asset but as a means to achieve greater life quality and mobility across Europe.
The Unbound Fund has already begun accepting investors and is coordinating with various teams to streamline the application process for the Portuguese golden visa. This program requires a five-year commitment to maintaining the investment before granting eligibility for permanent residency or citizenship.
Market Impact and Investor Sentiment
This announcement comes at a time when Bitcoin’s market value is experiencing significant fluctuations, recently peaking at $68,518, the highest in 40 days. Analysts attribute this surge to various global economic factors, including the cessation of Bitcoin sell-offs by the German government and anticipations of interest rate adjustments by the U.S. Federal Reserve.
While Bitcoin’s price briefly dipped to $65,550, it has since recovered, reflecting a robust market sentiment and confidence among professional traders about the cryptocurrency’s prospects. This bullish momentum is further evidenced by the rising futures premium, indicating optimistic expectations for Bitcoin’s continued performance.
The initiative by Unbound Fund marks a significant development in the use of digital currencies for practical, life-altering benefits, marrying financial investment with personal and familial gains in residency and citizenship.
