Bitcoin cryptocurrency holders have the right to become citizens of the European Union

Portugal has created a new investment fund that allows bitcoin holders to obtain European Union citizenship. This initiative is aimed at attracting cryptocurrency investors.

Users can obtain citizenship by investing a certain amount in a specialized fund called the Unbound Fund, which was launched by Alessandro Palombo. This offer helps to increase capital inflows and stimulates the country’s economic development.

The citizenship-for-investment program is already a success among wealthy individuals. Cryptocurrency holders can now take advantage of it to obtain a European passport.

The growing popularity of cryptocurrencies in the world is prompting governments to create new opportunities for investors. In Portugal, this step is considered strategically important for attracting international investment.

The fund allows not only to obtain citizenship but also offers favorable conditions for further investments in various sectors of the economy. This initiative is an important step in the development of the cryptocurrency market in Europe.

«I believe that 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 to live in with my family ,» Palombo wrote.

The CEO of Unbound Fund emphasized that the program of obtaining citizenship through investment in bitcoin is the best from both a technical and strategic point of view. He added that his team has already attracted clients and is negotiating opportunities to expand the fund.

Back in December 2023, the government of El Salvador and the issuing company of the largest stablecoin Tether USD (USDT) launched a joint program called Adopting El Salvador Freedom Visa Program. People can obtain El Salvadoran citizenship for investing $ 1 million in bitcoin or USDT in the country’s economy.