https://twitter.com/AutismCapital/status/1816918536272674878
Quote
Michael Saylor of Microstrategy says "Bitcoin will be worth $13,000,000 a coin by the year 2045," at Bitcoin Nashville 2024
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 174. (Read 26462221 times)
July 26, 2024, 10:38:39 PM
https://twitter.com/AutismCapital/status/1816918536272674878
July 26, 2024, 10:01:13 PM
July 26, 2024, 09:37:45 PM
You are exactly right about 5 years before citizenship (plus a language test).
That said, the site says that you need to be in Portugal only 14 days every 2 years.
Basically, a one week vacation per year.
It's two different things.
I never heard anyone spending only 2 weeks every 2 years in Portugal and got the PT passeport. This is the minimum requirement for obtain/maintain the golden visa. It's not related to CITIZENSHIP.
To apply for citizenship, you have to be at least 5 years tax resident in Portugal and as a main residency. And OFC, you cannot qualify as tax resident there if you spend 1 week or even 2 months per year there.
If you buy a property, rent it out you get the tax history.
edit:you can also use the Portugal’s Non-Habitual Residence (NHR) Program
NOT correct.
You mix different things.
If you buy a property by the golden visa or without, even if you rent it, It doesn't make up tax resident of PT. You have to pay tax on the rental investment you have yes (like in most countries, tax for real estate are based where the flat/house is located, not depending where you are tax resident). Also you can get many TIN numbers in many different countries, it DOESNT make you automatically tax resident there. You have to respect other criteria for that.
AND if you buy your house there (by investment) and just rent it, it's mean you just 'loose' the proof you have a permanent house in PT as i wouldn'be available for you at anytime (if rented). So your home country (or another ones if you have some/too many ties) can challenge you, and above the time spent there per year, according most of the DTTs, they look if you have permanent home available.
GOLDEN VISA / Tax residency and citizenship are 3 different things.
Moreover NHR statut is finished now. You cannot arrive now there and apply for it. People who has already the NHR are still granted for 10 years.
BUT you dont need NHR to get tax incentive of crypto capital gains. This is apply for ANY normal tax resident in Portugal, same way.
(PS : i am under NHR actually).
I dont mix two different things, you can buy a property and rent it out for 6 months, and then live it in the other 6 months to satisfy the residency of 6months in a year. Under permancy laws in the EU this counts as your permanent residence even if you rent it out, there is bylaws in place to handle situations where you might renting a room or a couple of rooms in your primary residence. It is a little in grey, but working with good lawyer and accountant will keep it above board, there is a bunch of rules you have to follow.
i didn't mention citizenship at all in my post so not sure why your bringing that up, you can be resident in any EU country but its not necessary to be a citizen of the country. Under the NHR your still not a citizen, i also thought the backdoor was still open to NHR through the digital nomad visa. I might be wrong though, fair play to being in this programs its definitely one the better ones in EU.
Once again you mix different things. First you starting to talk about rent the house/flat you buy, then you talk about sublet just 1 room sometimes. Irrelevant.
If you put of the market your house, 1-2-6 months, it's the same, it is NOT a permanent house because it's not as your disposal at ANY time. You have to read more carefully most of the DTTs. The first criteria is not the 183days+ a year. If there is a challenge between 2 countries to determinate where is your MAIN residency (tax), the FIRST criteria is your permanent home. THEN, if you have properly at disposal, ANYTIME permanent home in both place, the second criteria is where is your center of interest (wife/kids..) and where you generate mostly your income. It's only on the 3RD layer we talk about where is your 'usual' place you spend more time. If they cannot determinate 1st / 2nd / 3th layer, then its about your citizenship. If still not, both country have to make a deal together.
PS : I talked about citizenship and the way to get it in PT, because it was the topic with another OP before you reply in that post.
July 26, 2024, 09:10:57 PM
O/T
Worst Olympic Games opening ever.
Bunch of stupid boats on the Seine.
Worst Olympic Games opening ever.
Bunch of stupid boats on the Seine.
that's funnyhey i am watching lady gaga sing 🎶 on the stairs to the seine right now.
Something big must be going down soon - all the stars are out. wtf Snoop Dogg carrying the torch? I suppose Harvey Weinstein will co-host?
July 26, 2024, 09:01:13 PM
July 26, 2024, 08:51:54 PM
Deadpool & Wolverine was better than I expected.
The acting from Hugh Jackman was what I enjoyed most.
He really put everything into every second he was on screen.
Superb.
Deadpool himself is a bit too much at times and even as a somewhat fan of Marvel
some of the things/jokes/motivations just went over my head.
Very good entertainment though. Best Marvel since Infinity War for me.
They stopped with the woke and agenda pushing crap, thank F.
8/10
------
Seems the Olympics got worse whilst I was out.
WTF is this shit?
The acting from Hugh Jackman was what I enjoyed most.
He really put everything into every second he was on screen.
Superb.
Deadpool himself is a bit too much at times and even as a somewhat fan of Marvel
some of the things/jokes/motivations just went over my head.
Very good entertainment though. Best Marvel since Infinity War for me.
They stopped with the woke and agenda pushing crap, thank F.
8/10
------
Seems the Olympics got worse whilst I was out.
WTF is this shit?
July 26, 2024, 08:11:09 PM
O/T
Worst Olympic Games opening ever.
Bunch of stupid boats on the Seine.
Worst Olympic Games opening ever.
Bunch of stupid boats on the Seine.
that's funnyhey i am watching lady gaga sing 🎶 on the stairs to the seine right now.
July 26, 2024, 08:01:15 PM
July 26, 2024, 07:31:41 PM
O/T
Worst Olympic Games opening ever.
Bunch of stupid boats on the Seine.
Worst Olympic Games opening ever.
Bunch of stupid boats on the Seine.
that's funny July 26, 2024, 07:01:14 PM
July 26, 2024, 06:07:47 PM
Only 4 million BTC? My view is USA should aim to hold at least 21mil
July 26, 2024, 06:03:39 PM
I personally hate this kind of declarations:
Suddenly, Bitcoin as a national monetary reserve is a thing.
Quote
JUST IN: 🇺🇸 Robert F. Kennedy Jr says he will sign an executive order for the US to buy 550 Bitcoin per day to build a reserve of 4 million BTC, if elected president.
Suddenly, Bitcoin as a national monetary reserve is a thing.
July 26, 2024, 06:01:14 PM
July 26, 2024, 05:43:05 PM
Corn.
July 26, 2024, 05:17:47 PM
You are exactly right about 5 years before citizenship (plus a language test).
That said, the site says that you need to be in Portugal only 14 days every 2 years.
Basically, a one week vacation per year.
It's two different things.
I never heard anyone spending only 2 weeks every 2 years in Portugal and got the PT passeport. This is the minimum requirement for obtain/maintain the golden visa. It's not related to CITIZENSHIP.
To apply for citizenship, you have to be at least 5 years tax resident in Portugal and as a main residency. And OFC, you cannot qualify as tax resident there if you spend 1 week or even 2 months per year there.
If you buy a property, rent it out you get the tax history.
edit:you can also use the Portugal’s Non-Habitual Residence (NHR) Program
NOT correct.
You mix different things.
If you buy a property by the golden visa or without, even if you rent it, It doesn't make up tax resident of PT. You have to pay tax on the rental investment you have yes (like in most countries, tax for real estate are based where the flat/house is located, not depending where you are tax resident). Also you can get many TIN numbers in many different countries, it DOESNT make you automatically tax resident there. You have to respect other criteria for that.
AND if you buy your house there (by investment) and just rent it, it's mean you just 'loose' the proof you have a permanent house in PT as i wouldn'be available for you at anytime (if rented). So your home country (or another ones if you have some/too many ties) can challenge you, and above the time spent there per year, according most of the DTTs, they look if you have permanent home available.
GOLDEN VISA / Tax residency and citizenship are 3 different things.
Moreover NHR statut is finished now. You cannot arrive now there and apply for it. People who has already the NHR are still granted for 10 years.
BUT you dont need NHR to get tax incentive of crypto capital gains. This is apply for ANY normal tax resident in Portugal, same way.
(PS : i am under NHR actually).
I dont mix two different things, you can buy a property and rent it out for 6 months, and then live it in the other 6 months to satisfy the residency of 6months in a year. Under permancy laws in the EU this counts as your permanent residence even if you rent it out, there is bylaws in place to handle situations where you might renting a room or a couple of rooms in your primary residence. It is a little in grey, but working with good lawyer and accountant will keep it above board, there is a bunch of rules you have to follow.
i didn't mention citizenship at all in my post so not sure why your bringing that up, you can be resident in any EU country but its not necessary to be a citizen of the country. Under the NHR your still not a citizen, i also thought the backdoor was still open to NHR through the digital nomad visa. I might be wrong though, fair play to being in this programs its definitely one the better ones in EU.
July 26, 2024, 05:05:21 PM
Here's another dose of hopium by none other than Michael Saylor.
This time it's $10M/coin!
Michael Saylor: "Bitcoin is economic immortality"
I haven't watched it yet, but I'm posting it nonetheless—should be good entertainment.
Apologies if it has already been posted. Too busy IRL to read every post in these here parts.
This time it's $10M/coin!
Michael Saylor: "Bitcoin is economic immortality"
I haven't watched it yet, but I'm posting it nonetheless—should be good entertainment.
Apologies if it has already been posted. Too busy IRL to read every post in these here parts.
You are not bullish enough.
Micheal Saylor sees a bullish case @49 millions for Bitcoin in 2045.
July 26, 2024, 05:01:16 PM
July 26, 2024, 04:35:20 PM
Here is a crazy idea: RFK Jr (he recently said that most of his wealth is in bitcoin) as the SEC chair...that would be something.
July 26, 2024, 04:27:48 PM
Even after more than a decade we haven't seen anything yet by orders of magnitude.
July 26, 2024, 04:17:48 PM
Seem like a bit bullshit...
1) There is no way they can promise the return they are saying
2) They will MOST probably convert your BTC somehow
3) Golden visa or not (for not EU citizen), you have to live minimum 5 years in Portugal as main residency (and more than 183days a year) AND you have to pass official portuguese language test to qualify too.
1) There is no way they can promise the return they are saying
2) They will MOST probably convert your BTC somehow
3) Golden visa or not (for not EU citizen), you have to live minimum 5 years in Portugal as main residency (and more than 183days a year) AND you have to pass official portuguese language test to qualify too.
The technical side of getting a passport was not as interesting to me in this whole story as the question of how deep the adoption of bitcoin for the governments' own settlements can go. But here, unfortunately, judging by where the discussion is going, it turns out again that someone decided to use a popular topic for his own promotion, and there is nothing fundamentally new. It's a pity! I will still wait until large countries finally mature enough to officially include bitcoin in their foreign exchange reserves.
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