MIAMI — Eric Trump, President Donald Trump’s son and co-founder of American Bitcoin (ABTC), highlighted the growing interest in bitcoin from major financial institutions, including Bank of America Corp.’s Merrill division, Charles Schwab Corp., and JPMorgan Chase & Co.
“JPMorgan was dismissing bitcoin as a joke just 18 months ago,” Trump remarked during Consensus Miami 2026 on Wednesday. “Now they’re letting customers use their bitcoin holdings for home mortgages at JPMorgan — this shift occurred in just 18 months, my friends.”
Despite initial skepticism from JPMorgan CEO Jamie Dimon regarding cryptocurrencies, the bank has since embraced blockchain technology and innovations like asset tokenization.
Trump noted that his father’s administration had adopted pro-crypto policies, which he believes have “broken the banks” once opposed to dealing with the Trump family. He suggested these institutions now see they cannot counter crypto trends effectively.
As American Bitcoin’s chief strategy officer, Trump mentioned their rank as the 16th largest public bitcoin holder and their cost-efficient mining operations at half the market rate. He asserted that bitcoin is experiencing renewed strength and emphasized its potential as a significant store of value, even predicting it could surpass one million dollars in value.