thought leadership by David Lesperance JD Founder & Principal Lesperance & Associates
CAN CITIZENSHIP BY INVESTMENT HELP YOU BENEFIT FROM CRYPTOCURRENCIES? Sudden wealth and how to protect it ould you please humour me for a moment? Let us imagine your doorbell ringing unexpectedly. An attractive woman waves a cheque in your face and cheers erupt, “You have won US$15 million in the Lottery!” The blonde trills, “Here is your money! You will be on the front pages tomorrow!” It won’t ever happen. Neither to you nor to me. But such life-changing incidents do take place each year to a very tiny minority of random folk. Like all winners, they will splash the champagne around for three or four days before they think of the enormous responsibility newly thrust upon their shoulders. The substantial winnings of such people can be compared to the fortunes of established high-networth (HNW) individuals in terms of the amount of cash involved. But in terms of investment history, mental discipline and financial acumen, there is no comparison. HNW circles have - over decades, even centuries established family offices to safeguard and build their assets. Experienced experts on property, industry and high tech ensure steady growth and profits. The story arcs, for the surprise winners in this life are entirely different. Lotteries bring sudden rewards. So do legacies, sudden deaths and calamities. But what mechanisms are there to help and guide these people? Today, I want to highlight a new type of sudden wealth winner – a species that has leapt ahead over the last ten years: the medium to long-term possessors of cryptocurrency. We have all heard the mad crypto stories; the San Francisco programmer who can’t access over US$200 million in a
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