Christian Angermayer, billionaire with his digits in the crypto cookie jar, did a rapid exit from the UK scene. His pivot? Switzerland’s Lugano, that hub bubbling with Bitcoin juice. Why? The UK’s tax hammer is coming down hard on offshore wealth, and Angermayer wasn’t waiting around to feel the heat. He was in that “non-dom” clique, dodging UK taxes on overseas dough for 15 years — but that’s all changing. As of March 2024, the UK slashed it down to a mere 4 years. So Angermayer decided to bail.
Prime Minister Keir Starmer and his Labour Party got bigger plans though. They want to straight up vaporize inheritance tax breaks on offshore trust assets. Angermayer’s not having it. Called it “a bigger act of national self-harm than Brexit.” Sounds wild, but he’s not alone. “Every non-dom I know has left or is about to leave,” he added, dropping the mic on the UK’s tax situation.
Lugano’s Bitcoin Nexus Lights Up
Now, the man’s taking his stacks to Lugano. A low-key town, but when it comes to Bitcoin vibes, it’s sky-high. Over 250 merchants there tap into the Bitcoin economy, not to mention Tether’s cozying up with local officials since 2022. The Apeiron Investment Group — that’s Angermayer’s personal brainchild — plays across the biotech, crypto, and psychedelics landscape. So, his Lugano move isn’t just a hop — it’s more like entering a full-on Bitcoin metaverse. He’s out of London, but keeping the Apeiron office ticking over for old time’s sake.
Bitcoin, Psychedelics, and a Sprinkle of Tether?
At the Token2049 meetup, Angermayer made the weirdest pitch, blending Bitcoin and psychedelics like they’re two sides of the same coin. Bitcoin frees folks from governments, he says, while psychedelics unplug them from their egos. But it doesn’t end there. His holdings stretch further into crypto waters, with his fingerprints on Samara Asset Group and Bitcoin miner Northern Data AG. And who do you think introduced Tether to Northern Data? That’s right, Angermayer again. Fast forward to 2023, Tether scooped up a slice of Northern Data’s pie, and it’s been crypto-fueled ever since.
If that wasn’t enough, Angermayer is also behind Enhanced Games, a wildcard of Olympic proportions. But here, athletes juice up with performance-enhancing drugs — endorsed, no less. Even Peter Thiel, former PayPal bigwig, backs this venture.
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