#1392 Alessandro Palombo | Bitcoin Can Give You Portugal Citizenship?!

— Alessandro Palombo co-founded Unbound, which enables investors to secure a Portuguese golden visa while maintaining indirect Bitcoin exposure through a private equity fund structure.

— Portugal's golden visa program requires a €500,000 investment and offers residency leading to citizenship after five years, with minimal residency requirements (14 days every two years).

— Unbound invests the €500,000 in a closed-ended private equity fund (8-year duration) that acquires companies holding Bitcoin via ETFs, providing Bitcoin upside while satisfying visa requirements.

— Family members—spouses, dependent children, and parents—can co-apply under the program, effectively multiplying the citizenship benefit per investment.

— The fund structure includes a 1.5% annual management fee and 10% performance fee, with potential for early distributions if Bitcoin performs strongly.

— Expansion into other countries and alternative crypto assets (Ethereum, Solana) is planned, but the team prioritizes quality execution in Portugal first.

— Investors seeking European citizenship with crypto hedging can invest €500,000 to gain both a Portuguese golden visa and indirect Bitcoin exposure through a regulated private equity vehicle.

— The program allows liquidity flexibility through secondary market transactions if circumstances change, though the fund is normally closed-ended for eight years.

— Participants should budget for bi-annual Portugal visits (14 days every two years) and plan for basic Portuguese language proficiency (A2 test) and clean criminal records as citizenship requirements.