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Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning
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Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

Iran Thinks It Can Outwit Trump. The Key? Bitcoin

Tony "The Bull" Severino
Tony "The Bull" Severino
5 years ago
3 mins read
trump bitcoin crypto iran

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As tensions mount between the United States Trump administration and the Iran regime, the rogue state has been working on a strategy to outwit the US President and get around his economic sanctions and political pressure – and it all relies heavily on Bitcoin and cryptocurrencies.

Is Iran Using Bitcoin to Outwit President Donald Trump?

While World War III may have thus far been averted, the tensions between the United States and Iran continue to increase and come to a boiling point.

Earlier this month, the US Trump administration completed a drone missile strike that claimed the life of Iranian General Qasem Soleimani.

Related Reading | FinCEN Issues Advisory On Iran’s “Illicit” Use of Crypto to Bypass Sanctions 

In retaliation, Iran’s Islamic Revolutionary Guard Corps launched ballistic missile attacks at the Ayn al-Asad airbase in Iraq, killing American citizens. While Trump said the damage done was minimal, as many as 80 deaths were recorded of US citizens.

But the attacks are just the latest in an ongoing saga between the United States and Iran, dating back decades.

Even President George W. Bush had dubbed Iran as one of the three countries in the “axis of evil” nearly twenty years ago, and the turmoil dates back much further than that.

Among the ways that the United States Trump Administration applies pressure to these rogue states, is by enforcing economic sanctions.

According to data, the strategy has been working and has diminished the Iranian economy by as much as 10 to 20 percent.

However, Iran has recently discovered one simple trick to outwit President Donald Trump and the rest of the United States government officials: evading sanctions with Bitcoin and cryptocurrencies.

Interviews with anonymous Iranian citizens claim that Bitcoin is the only way to move money out of the country, so it’s becoming more popular within the country.

This could be the reason why following the attacks on Iran, Bitcoin rallied and Iranians began paying as much as a 3x premium just to buy Bitcoin from website LocalBitcoins.

Could Evading Sanctions Be Partly Responsible for US Crypto Crackdown?

But it’s not just Iranian citizens relying on Bitcoin and crypto. Two Iranian individuals have had their Bitcoin addresses added to the Specially Designated Nationals List kept up to date by the US Treasury Department’s Office of Foreign Assets Control.

And Iran is said to have been planning a digital version of the country’s native fiat currency, the rial, specifically to evade Trump-imposed economic sanctions.

While this hasn’t yet happened, the situation in Iran, North Korea’s increasing interest in crypto, and even the implications of Facebook’s Libra have caused the Trump administration and the US Treasury office to look closer at cryptocurrencies and their “illicit use.”

Related Reading | Trump Tweet Timing Coincides With Bitcoin Breakdowns

Trump even tweeted about his distaste towards Bitcoin and crypto in early July, just as the 2019 parabolic rally topped out.

Trump is only bound to dislike Bitcoin even more if Iran is able to continue to use Bitcoin and other cryptocurrencies to skate around his sanctions and continue to make a mockery of the President.

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Tony "The Bull" Severino
Tony "The Bull" Severino

Tony "The Bull" Severino

Tony "The Bull" Severino, CMT, is a distinguished figure in the cryptocurrency analysis sector, renowned for his in-depth technical expertise and innovative approach to market trends. As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market.
A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony’s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements.

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Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions.

In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony’s expertise to guide their trading strategies.

Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies.

Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders.
His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics.

Tony’s nickname, "The Bull," aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice.

In summary, Tony "The Bull" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

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