Bitcoin Magazine CEO Proposes the US Fund the “ Gold Card “ Program with Bitcoin.

Bitcoin Magazine CEO David Bailey proposed to the Trump administration that the US Gold card payments should only be made in Bitcoin

The Crypto publisher believes that high-net-worth individuals who might want to take advantage of the program will have trouble moving $5 million from their countries through Fiat

Hence, Bitcoin is the perfect means of exchange for the “Gold Card” program Bailey believes individuals who need the gold card could pay their money to the Bitcoin Reserve

President Trump should accept Bitcoin paid into the SBR in exchange for the “Gold Card”

Many elites in emerging markets want to live in the U.S. but struggle to move $5M in USD out of their home countries. Bitcoin offers a simpler, safer, and more discreet solution.

— David Bailey🇵🇷 $0.85mm/btc is the floor (@DavidFBailey) March 9, 2025

David Bailey was among the crypto executives who attended the crypto summit at the White House last Friday

His suggestion creates another use case for Bitcoin, allowing liquidity to flow into the Crypto Market

The Gold Card Program

Last month, President Donald Trump unveiled the “Gold Card” program, a bold immigration initiative to attract wealthy foreign investors to the United States

The offer includes a gold card priced at $5 million that offers permanent residency and a pathway to citizenship, replacing the existing EB-5 visa program, which required a minimum investment of $1.05 million to create jobs

The Program is the brainchild of Trump and Commerce Secretary Howard Lutnick and aims to draw “High-level people” who spend heavily, pay taxes and employ Americans.

Additionally, the president suggested it could appeal to top talent, with companies potentially sponsoring graduates from elite universities like Harvard or Stanford

The Program is slated to launch within weeks of the announcement and has received favourable public opinion