Will BTC Rocket if Trump Delivers on His Iran Deal Promise This Sunday?

BTC remains calm at around $64,000 now, but more volatility is expected tomorrow.

Despite last week’s controversial developments on the war front between Iran, the US, and several other nations involved in the conflict, Donald Trump promised on his social media platform minutes ago that a permanent deal is expected to be announced tomorrow.

Given bitcoin’s susceptibility to positive or negative news related to the war, the question now is whether it will benefit if Trump delivers on his promise.

In his lengthy post on Truth Social, the POTUS began by blaming the previous major deal signed with Iran during Barack Obama’s presidency. He called it a “smooth road to a Nuclear Weapon,” while his agreement with the Middle Eastern country is “the exact opposite.”

He emphasized that the new deal will serve as a “WALL TO NO NUCLEAR WEAPON.” Moreover, he claimed that Iran no longer wants to develop such a weapon, “nor will they have one, either through purchase, development, or any other form of procurement.”

Perhaps most importantly, Trump promised that the deal is “scheduled to get signed tomorrow, and immediately after it is signed, the Hormuz Strait is OPEN TO ALL.”

“We look forward to working with Iran, and the entire Middle East, long into the future. Hopefully, this process will all work out quickly, easily, and smoothly. If it doesn’t, we have the ultimate alternative, hopefully never to be used again,” he added.

Recall that bitcoin’s price was immediately impacted when the war started on February 28, with a painful decline by several grand. However, it skyrocketed once the first ceasefire deal was announced and when it was extended.

As such, the overall community sentiment has shifted after Trump’s post, with anticipation of a more profound recovery if, of course, the deal is actually signed tomorrow, because this is not the first similar promise made over the past few months.

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