Lisbon’s luxury retreats and Fado’s soulful serenades: a Portuguese sojourn

Lisbon’s luxury retreats and Fado’s soulful serenades: a Portuguese sojourn

In the heart of Europe, where the Atlantic Ocean meets history, lies the alluring Lisbon. In this article, we will recount Chris Page’s journey through Portugal’s capital city, Lisbon.

Here, visitors can indulge in tax-free retail therapy along Avenida da Liberdade, while delving into Portugal’s deep-rooted musical heritage through the soulful melodies of Fado.

Beginning with a luxurious escape at Heritage Avenida Liberdade Hotel, Chris discovers the city’s refined side.

His stay included breathtaking views, unparalleled comfort, and easy access to Lisbon’s renowned shopping districts.

Discovering Fado

As he ventured deeper into the city, Chris is captivated by the vibrant sounds of Fado music emanating from local pubs. He learns about Fado’s rich history and origins in the early 19th century, as well as its role in preserving Portuguese culture and identity.

Chris attends a performance at Casa do Fado, where he experiences the raw emotion and passion behind the music. The following day, he explores the historic Alfama district, once home to early fado performances.

Fado, a soulful music genre, captures the essence of longing, nostalgia, and saudade (a feeling of deep emotional longing) so deeply rooted in the Portuguese soul.

In Alfama, the historic heart of Lisbon, Chris is captivated by the breathtaking panoramic views of the city from the Castle of São Jorge and the scenic Miradouro de Santa Luzia.

These enchanting vantage points offer a unique perspective of the vibrant cityscape, allowing him to fully appreciate the beauty and charm of Lisbon.

The Belém Tower, an architectural marvel and a UNESCO World Heritage site, was Chris’s final destination. This iconic structure not only represents Portugal’s rich seafaring past but also stands as a testament to the country’s artistic and cultural heritage.

And that rounds up a truly soulful Portuguese sojourn.

Portugal’s golden visa programme now accepts Bitcoin investments

Portugal’s golden visa programme now accepts Bitcoin investments

Portugal’s Golden Residence Permit Programme has begun accepting Bitcoin investments worth €500,000 (£420,000) through the Unbound Fund. This initiative provides Bitcoin holders with a new avenue to apply for a Portuguese golden visa.

By investing in Bitcoin, individuals can gain residency in Portugal, potentially leading to European Union citizenship. This programme marks a significant step forward in integrating cryptocurrency with traditional residency and investment opportunities.

Investment details and eligibility

Alessandro Palombo, co-founder and CEO of the Unbound Fund, announced this development, emphasising that the fund allows investors to use their Bitcoin for Portugal’s residence-by-investment programme. The Unbound Fund is reportedly the first investment vehicle of its kind, enabling investors to indirectly hold Bitcoin while meeting the programme’s requirements.

To be eligible for the Portuguese Golden Residence Permit Programme, a minimum investment of £420,000 in real estate or capital transfer is required. The Unbound Fund invests in passive Bitcoin holdings and companies without market timing ambitions. For added protection and ease of use, the fund also includes investments in BlackRock exchange-traded funds (ETFs).

Mutual benefits and market performance

Palombo believes using Bitcoin for Portuguese citizenship offers mutual benefits, particularly regarding freedom of mobility within Portugal.

He stated, “I believe it’s time to use Bitcoin as a tool for freedom of movement in a mutually beneficial way with Portugal, a country I have chosen to live in with my family.” He emphasised that the European citizen-by-investment programme is a strategic and technically superior choice for those seeking Portuguese citizenship through investment.

Bitcoin’s market performance has shown significant fluctuations recently. It peaked at $68,518 (£53,108) on July 22, the highest in the past 40 days, driven by a reduction in Germany’s Bitcoin sell-off and optimistic expectations of reduced interest rates by the US Federal Reserve in 2024.

The Bitcoin futures premium also reached a five-week high, indicating professional traders’ confidence in Bitcoin surpassing $72,000 (£59,000). As of July 24, Bitcoin’s price had settled at $66,404 (£51,469) after falling to $65,550 (£50,810).

Future prospects and privacy commitment

Palombo has successfully onboarded clients and is negotiating with complementary teams to expand the fund’s offerings. This opportunity arises as Portugal orders Worldcoin to halt biometric data collection, showcasing the country’s commitment to privacy and its appeal to digital nomads and investors alike.