Trump's Crypto Firms See Shift in Institutional Support

At the Consensus Miami 2026 conference, Eric Trump spoke about the growing acceptance of bitcoin by traditional financial institutions.

Trump, who co-founded American Bitcoin (ABTC), a mining operation, mentioned that JPMorgan Chase & Co. was one of the firms that had previously been critical of cryptocurrencies. He stated that within an 18-month period, JPMorgan has allowed customers to use their bitcoin holdings as collateral for mortgages.

According to Trump, this shift in attitude towards bitcoin is a significant development for his company and the broader crypto industry. American Bitcoin is mining bitcoin at 50 cents on the dollar and aims to be the cheapest operation in the field.