The "new" Crypto capital of the planet

Plus, how to get EU residency with bitcoin investment.

Author

Daniel Akpobare
July 29, 2024

GM Explorer,

Big news, everyone! A group of Democratic lawmakers have begun throwing their support behind the crypto industry!

Here’s what we got for you today:

  • 🤯 Democrats Throw Support Behind Crypto - Must-Read!

  • 🤑 Get EU Residency with Bitcoin Investment!

  • 🧱 Around The Block: Syscoin execs accused of unauthorized creation of 100 million new SYS tokens.

🤯 Democrats Throw Support Behind Crypto - Must-Read!

Democrats are now pushing their party to fully embrace digital assets like never before.

On July 26, over a dozen House Democrats, including Ro Khanna, Wiley Nickel, and Ritchie Torres, sent a letter to the Democratic National Committee (DNC) with some bold requests, urging the party to:

  • Adopt more pro-crypto languages into their platform.

  • Choose a Vice Presidential candidate who's crypto-friendly.

  • Increase industry engagement

And here’s the kicker—they even suggested appointing a pro-innovation Chair for the SEC! Hah! Talk about shaking things up!

So, why all this sudden interest in crypto, you ask?  It seems that these lawmakers have recognized how significant crypto is to voters.

In fact, they claim that over 20% of voters in key states see crypto as a major issue, and seeing how significant that chunk of the voting population is, it's become important for the party to win over crypto enthusiasts while keeping consumers safe through regulation.

Oh, and guess who's leading the charge? Kamala Harris!

Rumor has it her advisers are already meeting with major crypto players like Coinbase, Circle, and Ripple Labs, to show how seriously she's taking this push.

Looks like she’s taken the advice to adopt a more crypto-friendly stance seriously after all.

Trump better watch out because, with supporters like billionaire Mark Cuban, who’s already advocating for her, and Uniswap founder Hayden Adams, who’s also highlighting the growing pro-crypto sentiment within the Democratic Party, the tables could turn anytime!

Or is it impossible? After all, the Democrats have actively and aggressively voted against pro-crypto laws and policies in the past.

Will the crypto industry buy into this sudden change of heart? We’ll have to keep watching to see.

But While we wait for the DNC's response our advice is never say never— If Trump could turn the tables, so could Harris.

Speaking about Trump, did you watch his speech at the Bitcoin Conference? Boy, it was electrifying. Here's the most exciting snippet from his speech:

🤑 Get EU Residency with Bitcoin Investment!

Portugal may soon become the first European country to give you a residency in exchange for Bitcoin investments.

And it's all thanks to the Unbound Fund.

By investing €500,000 (around $542,000) in Bitcoin through the Unbound fund, you can qualify for the Portugal Golden Residence Permit Program.

If you're unfamiliar with the Portugal Golden Residence Permit Program:

It’s a fantastic five-year residence-by-investment initiative that offers residency to non-EU nationals, provided they contribute financially to the country.

Before now, a good number of golden visas were obtained through the real estate investment option, but the government has removed that option.

And that has now brought other options such as investing in funds, into the limelight.

But why should you consider this Fund?

The Fund’s co-founder and CEO Alessandro Palombo says the Fund is all about investing in companies with 100% passive Bitcoin and isn't looking to time the markets for selling BTC.

They also plan to invest in BlackRock exchange-traded funds (ETFs) for “security and simplicity.”

And guess what? They also claim to have already onboarded customers!

So, what do you say — Is it time for you to consider Bitcoin as your gateway to European residency?

Before you decide, get more info here!

🧱 Around The Block

That's all we've got for you today.

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Catch you soon.

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell assets or make financial decisions.

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