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Alessandro Palombo
#1575 Alessandro Palombo | How to Buy EU Citizenship with Bitcoin
- Bitizenship enables global Bitcoin holders to obtain Portuguese or Italian citizenship through investment programs that align with national Golden Visa frameworks. - Portugal's program requires €500,000 investment in a Bitcoin-focused fund for a pathway to citizenship without requiring relocation; Italy's program costs €250,000 but mandates 10 years of residence. - The Portuguese fund operates as a seven-year closed-end vehicle; investors must maintain capital for five years to meet citizenship requirements, then receive returns in fiat currency. - Legislative changes are constant and unpredictable; Portugal eliminated real estate as an investment option in 2023 due to housing concerns, illustrating program volatility. - Additional opportunities include a new €200,000 Bitcoin donation pathway in Portugal that may offer tax advantages for appreciated holdings, and potential expansion to other European jurisdictions. - The core appeal is "stacking passports" for diversification and optionality, particularly for entrepreneurs and families seeking geopolitical resilience without sacrificing Bitcoin exposure.
#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.