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May 7, 2026 12:40 AM

Eric Trump Spotlights JPMorgan's Bitcoin Turnaround, While His American Bitcoin Eyes Hoarding 'Cheapest' BTC Possible

American Bitcoin Corp. (NASDAQ:ABTC) co-founder Eric Trump on Wednesday pointed to JPMorgan Chase & Co.’s (NYSE:JPM) shift in stance on Bitcoin (CRYPTO: BTC) as a major win for the cryptocurrency sector over traditional banking powerhouses.

Trump Says Crypto ‘Won The Race’

At CoinDesk’s Consensus event in Miami, Trump stated that JPMorgan went from calling Bitcoin a “joke asset” to allowing institutional clients to use it as collateral for loans in just 18 months.

“It’s all gonna become digitized, and the banks have fought like hell. They kept that from happening, and we broke the banks,” he added. “We’ve won this race.”

Trump said that institutional cryptocurrency adoption is just getting started, and the speed of growth over the next couple of years would be “monumental.”

JPMorgan didn’t immediately return Benzinga’s request for comment.

.@EricTrump: "JPMorgan was crapping all over Bitcoin 18 months ago, saying it was a joke asset."Now they're issuing home mortgages against Bitcoin holdings. "This happened in a period of 18 ...

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