Analysis

April 5, 2022

Why 'crypto families' are flocking to Portugal

The number of crypto investors and entrepreneurs flocking to the Iberian country has skyrocketed since last summer. Why?


Pedro C. Garcia

5 min read

Last summer, Portuguese real estate developers started noticing a new type of international client actively looking for homes. They were young, mostly male, some with partners, a few with children, all of them deep-pocketed with newly minted fortunes — and a big interest in crypto. Word had got out that Portugal was the place to be for the crypto industry — and investors, traders and business leaders were moving there en masse.

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the Tahittus, better known as the Bitcoin Family
The 'Bitcoin Family' are moving to Portugal
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Pedro Cerdeira and Martinho Lucas Pires
Pedro Cerdeira and Martinho Lucas Pires
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Pedro C. Garcia

Pedro C. Garcia is a Portuguese reporter based in Lisbon covering Portuguese/Spanish tech and culture. Follow him on X (https://twitter.com/pmccgarcia) and LinkedIn (www.linkedin.com/in/pedrocgarcia)

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