Trump's money-making scheme flops! Only 59 people reached the final review for the US Golden Visa, with 82.5% abandoning the application midway.

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The Trump administration's highly touted $1 million "Gold Card Visa" program has hit a major roadblock! According to a report by the Financial Times, although a total of 338 people submitted applications, only 59 reached the final review stage. With a staggering 82.5% abandonment rate, this immigration policy, widely viewed by outsiders as a "cash grab," is facing an embarrassing situation. (Previous coverage: Bitcoin briefly fell below $75,000, Ethereum dropped near $2,200! Hawkish FOMC announcement takes effect) (Background: Trump rejects Iran's "unfreeze first, negotiate later" proposal! Vows to maintain maritime blockade: more effective than bombing) The "Gold Card Visa" program, launched with great fanfare by the Trump administration last year, was originally seen as a new immigration pathway to attract high-net-worth individuals. However, the latest data shows that the program's implementation is far below expectations. According to Golden Finance, citing the Financial Times, as of the end of April 2026, a total of 338 people had submitted applications, but only 165 completed the payment to enter the review stage, and only 59 made it to the final review, resulting in an abandonment rate as high as 82.5%. This visa program requires applicants to pay a visa fee of up to $1 million, plus a $15,000 processing fee. It was originally packaged by the Trump team as a "fast track," claiming it would allow the wealthy to bypass cumbersome immigration procedures. However, looking at the numbers, this "cash grab" program does not seem to have gained favor with its target audience. Application data is dismal; the wealthy vote with their feet. From 338 to 165, and then to 59, this funnel-like change in data highlights the applicants' lack of confidence in the policy. Industry insiders analyze that the high costs combined with unclear review standards have led many wealthy individuals who were initially interested to adopt a wait-and-see approach, or even choose to give up after paying the fees. It is worth noting that the Trump administration originally expected this program to bring significant revenue to the national treasury. But as it stands, the dismal result of only 59 people entering the final review not only causes the policy goals to fall through but also leads outsiders to question the program's actual feasibility. Compared to "Golden Visa" programs in other countries, the U.S.'s performance this time can be described as quite embarrassing. Market reaction is cold; policy outlook is worrying. Market observers point out that the failure of this program reflects several key issues: First, is the $1 million pricing strategy reasonable? Compared to the $300,000 to $500,000 investment immigration thresholds in other countries, the U.S. price appears overly expensive. Second, the lack of transparency in the review process also deters applicants; after all, there is still a risk of rejection after paying the processing fee, which is too high. Furthermore, the 82.5% abandonment rate illustrates a cruel fact: even the wealthy are unwilling to gamble $1 million on an uncertain policy. This phenomenon of "voting with their feet" is undoubtedly the greatest irony of this Trump administration policy. Analysts believe that if the Trump team cannot make adjustments to the review standards, process transparency, and price reasonableness, this "Gold Card Visa" program is likely to become a major failure in policy history. Based on current data, this "cash grab" program, which was originally highly anticipated, now looks more like an embarrassing farce. 📍Related Reports📍

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Published:2026-04-30 10:00:08

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