A few BTC on the wallet and you don’t know what to do with it (and with you)? We show you four heavenly spots where you can sip your martini undisturbed and get your money’s worth with your crypto millions.
Cayman Islands: the classic
Of course, the classic millionaire hotspot should not be missing from this Bitcoin ranking. the old Goldman Sachs-Hedge fund manager and founder of real visionRaoul Pal, is not only a celebrity in the crypto space, but is also one of only 65,000 inhabitants of the Caribbean Sea archipelago.
White sand beaches and turquoise water are not only attractive to those with millions in fiat currency in their account: there should also be no corporate tax for businesses and no tax on income or on capital gains for crypto residents.
Madeira: For those close to home
The newly dubbed Bitcoin Mecca Madeira is only a few hours flight from Germany and therefore also offers those close to home the opportunity to fully savor their existence as crypto millionaires.
The autonomous region belongs to Portugal and is located off the northwest coast of Africa. Because its chairman, Miguel Albuquerque, only recently announced favorable tax terms for businesses and crypto fans, the volcanic region should still be an insider tip for crypto emigrants. BTC transactions in the paradise island should be completely tax-free.
El Salvador: For Bitcoin Maximalists
One can discuss Nayib Bukele’s Bitcoin plans for El Salvador. However, everyone agrees on the beach of El Zonte: palm trees, sea and satoshis go very well together.
For the hardcore bitcoin fans among us, the small Central American country is probably the real paradise. Since September of last year, El Salvador has become the first country in the world to adopt the number 1 cryptocurrency as legal tender. So if you also want to pay with BTC at a local roadside fruit stand, you’re probably in good hands there.
We have also visited Bitcoin Beach before. You can read our experience report here.
Satoshi Island: For Bitcoin Innovators
Probably the latest Bitcoin millionaire craze is Satoshi Island. The private island in the South Pacific attracts not only with favorable tax conditions, but also with the classic island feeling: white sandy beaches, sunshine and transparent water.
To the west of Fiji lies the archipelago of Vanuatu, home to Satoshi Island. With NFT land and a kind of NFT citizenship, as well as modern homes and a focus on environmental protection, the South Seas island has a lot to offer, especially for fans of a lifestyle innovative. However, it is not yet possible to live the life of a millionaire on Satoshi Island. The Bitcoin Dream Island is currently under construction and will only be available from 2023.
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