Eric Trump takes shot at JPMorgan rethinking bitcoin after 'crapping' on asset
Key takeaways
- "JPMorgan, who was crapping all over bitcoin 18 months ago, saying it was a joke asset," Trump said on Wednesday at Consensus Miami 2026.
- JPMorgan CEO Jamie Dimon had been a longtime critic of cryptocurrencies, though his bank has since been among those embracing blockchain technology and associated advances, including tokenization of assets.
- Trump, whose father has pursued aggressive pro-crypto policies from the White House, said the crypto industry has "broken the banks" that had once turned away the Trump family, rejecting their business.
Published May 6, 2026, 6:07 p.m. 2 min read Make preferred on Eric Trump, co-founder of American Bitcoin and son of President Donald Trump, at Consensus Miami 2026What to know: Eric Trump said the major institutional financial firms have realized they've lost to the crypto movement.The son of President Donald Trump co-founded mining operation American Bitcoin, and he said it's getting bitcoin for 50 cents on the dollar, trying to be the cheapest operation in the field.MIAMI — Eric Trump, the son of President Donald Trump and the co-founder of American Bitcoin (ABTC), said that bitcoin BTC$81,300.63 has reached a sharp influx of traditional financial giants, name-cheacking Bank of America Corp.'s Merrill division, Charles Schwab Corp. and JPMorgan Chase & Co.
"JPMorgan, who was crapping all over bitcoin 18 months ago, saying it was a joke asset," Trump said on Wednesday at Consensus Miami 2026. "It's really interesting — now they're allowing people to take down home mortgages against their bitcoin holdings at JPMorgan, this happened in a period of 18 months, my friends."
JPMorgan CEO Jamie Dimon had been a longtime critic of cryptocurrencies, though his bank has since been among those embracing blockchain technology and associated advances, including tokenization of assets.