Portugal May Become 1st EU Country to Offer Residency In Exchange of Bitcoin Investments
Portugal may become the first European country to offer foreigners residency in exchange for an investment made through a decentralised cryptocurrency such as Bitcoin.
The new opportunity has been brought by the co-founder and CEO of Unbound Fund, Alessandro Palombo, in a post on his X account, Schengen.News reports.
Palombo claims that holding Bitcoin worth €500,000 ($542,000) through the Unbound Fund could lead to a residency in Portugal, through the Golden Visa Program.
He recommends using Bitcoin as a mechanism for reciprocal advantages and freedom of mobility in Portugal.
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.
Besides, Palombo considers European citizenship-by-investment programs strategically and technically the best option. Currently, he is holding discussions with complementary teams to enhance the fund’s offerings.
