Trump Unveils Gold Card Visa: A Dual Approach to US Growth?

Trump Launches Gold Card Visa: What You Need to Know

US President Donald Trump has once again made headlines with his recent launch of the TGold Card visa program has sparked interest within the crypto market. This initiative highlights his economic growth strategy, sparking comparisons to his cryptocurrency endeavors. Could these two approaches work together to boost the US economy?

Trump Launches Gold Card Visa

President Trump made a calculated move when he signed an executive order establishing the Gold Card visa program, which is intended to speed up immigration for foreigners who contribute significantly to the nation's economy. The program's objectives are to draw in high-value contributors, make money, and advance American business and industry.

Reportedly, the initiative allows individuals to pay $1 million for a fast-tracked visa, and companies can contribute $2 million to speed up the process for sponsored foreign workers. Acknowledging the historic moment, Donald noted, “We think it's going to be very successful... It's going to raise billions of dollars, which will reduce taxes, pay off debt, and do other good things."

Notably, the president announced this development in an official Truth Social post. The message read,

“It is beyond time that the American People, and American Taxpayers, are benefitting from our LEGAL Immigration System. We anticipate THE TRUMP GOLD CARD will generate well over $100 Billion Dollars very quickly. This money will be used for reducing Taxes, Pro Growth Projects, and paying down our Debt.”

Exploring US’s Dual Approach

The administration has been making significant efforts to address the national debts that now stand at about $37 trillion, a tenfold increase from the figures in 1981. Anton Kobyakov, a senior adviser to Russian President Vladimir Putin, recently claimed that the US is using cryptocurrency to wipe out its national debt.

Significantly, Trump and his administration have shown support for cryptocurrency, believing that it could help manage the national debt. His Bitcoin reserve plan, which has now been embraced by the whole world, has been a part of this strategy. His vision to turn the US into a “crypto capital” and retain its global lead could be connected to his ultimate vision of strengthening economic stability

Similarly, his latest Gold visa card also ultimately envisions supporting and boosting the US economy. Though there aren’t confirmations, speculations suggest that the $1million-$2 million payment for the Gold card visa could be made in crypto.