Second Passports: Buy With Capital or Earn With Time | Alex Recouso SLP783 @recouso of @CitizenX explains who second passports are for, why he expects EU pressure on Caribbean programs, and the risks of buying versus earning citizenship. Timestamps 00:00 — Intro 00:43 — Bitcoin Solved Capital, Not Human, Mobility 02:04 — Selling Citizenship: Countries Competing 05:14 — Buy or Earn: Liquidity vs Mobility 06:57 — Why Program Prices Rise and Fall 08:55 — Weak Passports vs Plan B Buyers 11:32 — Donation vs Real Estate Routes 13:35 — Three Tiers: Plan B, Caribbean, Outliers 17:06 — Argentina's Program: Costs and Country Risk 20:09 — EU Pressure and Schengen Risk 23:12 — What Countries Gain or Risk 25:52 — Beyond Visa-Free: Settlement Rights 28:43 — HENRYs, Urgency, and Sequencing 31:14 — Insurance Before the House Is on Fire 33:06 — Naturalization Is Cheaper but Not Guaranteed 37:00 — Changed Rules in Portugal, Italy, Spain 41:07 — UAE, Singapore and Citizenship Limits 42:49 — CitizenX vs Traditional Firms 47:08 — Can AI Replace Citizenship Advisors? 49:02 — Rising Countries: High Risk, High Reward 51:34 — Lower Taxes and Compounding