Holding Bitcoin Worth $542K Could Enable You To Get A Portuguese Passport
Portfolio Pulse from Khyathi Dalal
A Bitcoin-oriented startup has launched the 'Unbound Fund,' allowing Bitcoin holders to acquire Portuguese citizenship by investing €500,000 ($542,000) in BlackRock's iShares Bitcoin Trust (NASDAQ:IBIT). This fund combines cryptocurrency investment with the benefits of European residency and citizenship.
July 24, 2024 | 1:20 pm
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The launch of the 'Unbound Fund' allows Bitcoin holders to acquire Portuguese citizenship by investing in BlackRock's iShares Bitcoin Trust (NASDAQ:IBIT). This could increase demand for IBIT as it becomes a vehicle for obtaining EU residency.
The 'Unbound Fund' directly uses IBIT as the investment vehicle for acquiring Portuguese citizenship, likely increasing demand for IBIT. This unique proposition could attract more investors to IBIT, positively impacting its price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80