Bitcoin price dropped to $66,600 after the US market opening, and this was to be expected. The result was not surprising, as stock market futures were declining. Major developments are expected to cause more volatility in the coming days. Eric Trump just shared about Bitcoin. Iran talks may not be going so well after all. Here are the latest developments
Iran and USA
WSJ covered the latest situation in the negotiations and mentions that the differences of opinion are bothering Trump. The disagreement was that the negotiation should be limited to nuclear only and not include missiles. However, the USA also wants restrictions on missiles. Moreover, Iran nuclear Trump, who demanded that his work be stopped completely, received harsh answers from Khamenei today.
Iran’s suggestions are as follows;
- 3-year suspension of uranium enrichment,
- Sending some of the enriched uranium abroad (possibly to Russia),
- Future US-Iran business deals if sanctions are lifted.
Iran refuses to completely dismantle its nuclear program. The US wants a complete end to enrichment (and missile limitations). Iran wants major sanctions relief, including access to frozen oil funds.
Although Trump said in March that there could be an agreement with Iran, despite the very short indirect negotiations, Trump is still “in a position to think that he is stalling” and this is a harbinger of a sudden attack.
Perhaps Khamenei is making such harsh statements because he thinks that eventually the talks will continue until the final date given by Trump and then the attacks will begin.
Iranian We hear less from the US side, although it explains a lot. A US official just said about the Iran talks, “progress has been made, but there are many details that need to be discussed.”
If Khamenei If he is making such statements with the motivation of domestic politics and if Iran and the USA have reached an agreement in the background, announcing this would mean an increase for cryptocurrencies. However, it is unclear how an agreement can be reached without meeting Trump’s demand to “stop the nuclear program”. Moreover, while the protests in the country continue, Trump wants to turn this period into an opportunity.
Eric Trump and Bitcoin
Eric Trump serves as Executive Vice President of the family company, The Trump Organization. So not only is he Trump’s son, but he also has a say in his affairs. He is also the main actor in the half-billion-dollar WLFI share sale, which the Democrats are clamoring for today.
Aryam Investment 1, an organization supported by the UAE’s national security advisor Sheikh Tahnoon bin Zayed Al Nahyan, purchased a 49% stake in the Trump family’s crypto initiative WLFI for $500 million. Following this sale, the US administration lifted the ban on the sale of advanced artificial intelligence chips to the UAE, which led to serious “conflict of interest” and “corruption” discussions in the USA.
Now, Eric Trump announced that American Bitcoin (ABTC) has passed the 6,000 BTC (Bitcoin) mark in less than 6 months since it started trading on Nasdaq.
“Today, we reached an incredible milestone for American Bitcoin — we surpassed 6,000 BTC in 6 months since we started trading on Nasdaq!
Today is testament to the success of @ABTC, creating one of the fastest growing public Bitcoin reserves in the world, surpassing many established players in a very short time. Exciting days await us!”
