Bitcoin Gold Card in the US? A Proposal from Crypto Insiders
David Bailey, CEO of BTC Inc. and a participant in the Trump administration’s crypto summit, has proposed allowing “gold cards” to be paid for in Bitcoin. The initiative aims to increase the US’s strategic Bitcoin reserve without using taxpayer money.
Bitcoin for Gold Cards? An Indirect Residency Solution Through Cryptocurrency
The Trump administration’s executive order establishing the US Strategic Bitcoin Reserve (SBR) has opened up many opportunities to grow this reserve without costing the national budget. David Bailey, CEO of BTC Inc., one of the participants in the Trump crypto summit, combined two ideas to help the government achieve its goal without spending a penny on taxes.
Bailey suggested that Trump’s proposed “gold card” initiative – which would allow wealthy individuals around the world to purchase permanent residency in the US – could be paid for in Bitcoin. This would not only boost the US’s Bitcoin reserves but also provide a convenient way to pay for those who have difficulty moving money out of their country.
Bailey shared on social media:
“Many emerging market tycoons want to live in the US but have trouble moving $5 million out of their country. Bitcoin is a safer, faster, and more discreet solution.”
Gold Card: A Residency Opportunity for the Rich
On February 25, Trump announced the Gold Card initiative, an alternative to the paid green card. The card would provide a path to US citizenship for wealthy individuals who want to move there. The price tag for the card is set at $5 million, and it comes with a host of residency perks. This is a major step in attracting elites from around the world to the US.
Trump also did not hesitate to mention the possibility of Russian oligarchs buying this card, saying: "I know some Russian oligarchs who are very good people."
A big step forward for Bitcoin in US domestic policy
If this initiative is implemented, it will send a clear signal to the world that the US is serious about incorporating Bitcoin into its internal policies. This will create a major change in the way the US government approaches cryptocurrencies, especially when the current administration has taken many measures to support or indirectly influence the development of the cryptocurrency market since taking office.
The gold card initiative not only opens the door to residency for the wealthy, but also creates an opportunity for Bitcoin to become an important part of US economic and financial policy.
