Perhaps if you define old covenant as Mosaic only. But, yes those promises were made to Abraham’s Seed, meaning Christ, and all in Christ are joint heirs with Him of those promises. One people.
I hear what you're saying, but let's not forget -- the "new covenant" is older than the "old covenant" (because the Abrahamic promises came before the Mosaic theocracy--see Galatians). 🫡😄
FWIW, just to keep things interesting, I'm a "[three covenant](https://www.upper-register.com/papers/two_adams.pdf)" guy.
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