Holding Bitcoin Worth $542K Could Enable You To Get A Portuguese Passport

Benzinga07-24

A Bitcoin-oriented startup has announced the launch of a fund that allows Bitcoin BTC/USD holders to acquire Portuguese citizenship. What Happened: The so-called “Unbound Fund” introduced by ...

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Passport\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-07-24 21:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/markets/cryptocurrency/24/07/39932367/holding-bitcoin-worth-542k-could-enable-you-to-get-a-portuguese-passport><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A Bitcoin-oriented startup has announced the launch of a fund that allows Bitcoin BTC/USD holders to acquire Portuguese citizenship.\nWhat Happened: The so-called “Unbound Fund”  introduced by ...</p>\n\n<a href=\"https://www.benzinga.com/markets/cryptocurrency/24/07/39932367/holding-bitcoin-worth-542k-could-enable-you-to-get-a-portuguese-passport\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0234570918.USD","symbol_name":"高盛全球核心股票组合Acc 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This approach is to combine a cryptocurrency investment with the benefits of European residency and citizenship.\nThe fund aims to be radically transparent about costs and capital efficient and invests in BlackRock‘s iShares Bitcoin Trust IBIT as a vehicle to hold Bitcoin. Under Portuguese law, investing a minimum of €500,000 in a qualifying investment can make one eligible for a so-called Golden Visa.\n\nAlso Read: Vice President Kamala Harris’ Team Contacted Mark Cuban On Crypto Policy\nWhy It Matters: The introduction of Unbound Fund marks a significant shift in the intersection of cryptocurrency and citizenship acquisition. It leverages the growing popularity of Bitcoin and the appeal of EU citizenship to create a unique investment opportunity.\nPalombo’s tweet also highlights the potential of Bitcoin as a tool for freedom of movement. This aligns with the broader trend of cryptocurrencies being used to facilitate international transactions and mobility.\nAs the first Golden Visa-eligible fund offering exposure to Bitcoin, Unbound Fund could set a precedent for similar initiatives in the future.\nWhat’s Next: The influence of Bitcoin as an institutional asset class is expected to be thoroughly explored at Benzinga’s upcoming Future of Digital Assets event on Nov. 19.\nRead Next: \n\nIf You Invested $1000 In Bitcoin When Jack Dorsey Endorsed It As Internet’s Native Currency, Here’s How Much It’d Be Worth Today\n\nThis content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.\nImage: Shutterstock Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.26.3","shortVersion":"4.26.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2453001730"}