Eric Trump, son of US President Donald Trump and co-founder of American Bitcoin (ABTC), has sharply criticized JPMorgan, highlighting the shift in traditional financial giants’ approach to Bitcoin (BTC).
Speaking at the Consensus Miami 2026 event, Trump said that Wall Street’s view of cryptocurrencies has fundamentally changed in the last 18 months.
Eric Trump noted that JPMorgan Chase, which considered Bitcoin a “joke asset” about 18 months ago, is now offering its clients the opportunity to obtain home loans using Bitcoin as collateral. Trump stated, “It’s quite remarkable that JPMorgan, which mocked Bitcoin 18 months ago, is now allowing Bitcoin-backed mortgage loans.”
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