Eric Trump takes shot at JPMorgan rethinking bitcoin after 'crapping' on asset
CoinDesk
Eric Trump criticized JPMorgan for shifting its stance on bitcoin after previously disparaging the asset as a joke.Summary
At the Consensus Miami 2026 conference, Eric Trump, co-founder of American Bitcoin, highlighted the rapid institutional adoption of bitcoin by major financial firms like JPMorgan Chase & Co. He pointed out the irony of JPMorgan allowing clients to secure home mortgages against bitcoin holdings, noting that the bank had dismissed the asset as a joke only 18 months prior. Trump argued that traditional financial institutions have been forced to embrace cryptocurrency because they can no longer fight the growing market trend, and he reaffirmed his belief that bitcoin will eventually exceed a value of one million dollars.
(Source：CoinDesk)