Invest in Crypto and Get a Portuguese Passport? Yes, Please! 🤑✈️

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What to know:

  • Introducing the KvarnPortugal Fund! Because who doesn’t want to mix crypto with a side of citizenship? 🍷💰
  • Subscription period? Ends in Feb. 2027. Management fee? A mere 0.05%. KYC fee? Just €1,250! What a steal! 🙄

So, here’s the scoop: the KvarnPortugal Fund is your golden ticket to the crypto world and possibly a Portuguese passport. Because why not? Who doesn’t want to be a crypto investor and a resident of a country known for its wine and beautiful beaches? 🍷🏖️

This fund is a brainchild of Fundbox (a Portuguese fund management company) and Kvarn X (a European crypto platform). Together, they’ve created a match made in financial heaven! Or hell, depending on how the market goes. 😅

Mark your calendars, folks! The subscription period wraps up in Feb. 2027. You’ll only pay a 0.05% management fee, a one-time 2.5% subscription fee, and a €1,250 KYC fee. It’s practically a bargain! (If you ignore the fact that you’re giving away your life savings.) 💸

Now, if you’re not interested in the whole residency thing, you can still join the fun with a minimum investment of €100,000. Just think of it as a really expensive lottery ticket! 🎟️

Here’s the kicker: 80% of the fund is going to Bitcoin (BTC), and the other 20% is for the CoinDesk 20 Index. Because who doesn’t want to diversify their crypto portfolio while dreaming of sunny Portugal? ☀️

Alan Campbell, the president of CoinDesk Indices, says this fund aligns “financial opportunity with real-world utility.” Sounds fancy, right? But really, it’s just a way to get rich while sipping port wine. 🍷💼

Want to use this fund for residency through Portugal’s Golden Visa program? You’ll need to cough up a minimum of €500,000 and spend at least 35 days in the country over five years. Just make sure you open a Portuguese bank account first! Because nothing says “I love Portugal” like a hefty investment! 🇵🇹💖

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2025-02-11 17:03