How Bitcoin can enable EU citizenship: legal loopholes and golden visas
There is a wave of Bitcoin-rich investors converting their digital wealth into second passports and residencies and, motivated by high taxes or restrictive regimes at home, they are using their crypto gains to fund “golden visas” and legal migration pathways. Michael Saylor, CEO of Strategy the largest corporate owner of Bitcoin which owns 3% of Bitcoin, calls Bitcoin the “apex property of the human race” describing it as global and mobile capital rather than a national currency. From Portugal to St Kitts, countries have offered indirect routes for the crypto affluent, but always in fiat. However, now Bitcoin is funding legal access to EU residency and in doing so, reshaping mobility. No official investment migration programme accepts crypto as direct payment - all require fiat contributions with a documented source of wealth. Malta illustrates this well; applicants must convert crypto to euros and show detailed records and the government explicitly states contributions “must not be i…
Keep reading with a 7-day free trial
Subscribe to Digital Bytes to keep reading this post and get 7 days of free access to the full post archives.