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.”
Trump also stated that major financial institutions such as Bank of America Merrill, Charles Schwab, and JPMorgan are now closer to the crypto sector. Jamie Dimon, the CEO of JPMorgan, long known for his anti-crypto statements, has recently attracted attention with his more positive approach to developments in blockchain technology and tokenization.
Trump argued that the crypto sector has gained significant power against the traditional financial system, claiming that the Trump family was ostracized by banks in the past. He stated, “Financial institutions have realized they’ve lost, and for the first time, instead of fighting this wave, they are moving with it.”
*This is not investment advice.
