{"id":27759,"date":"2026-05-06T21:26:04","date_gmt":"2026-05-06T21:26:04","guid":{"rendered":"https:\/\/bitunikey.com\/news\/eric-trump-rejects-jpmorgans-bitcoin-credibility\/"},"modified":"2026-05-06T21:26:16","modified_gmt":"2026-05-06T21:26:16","slug":"eric-trump-rejects-jpmorgans-bitcoin-credibility","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/eric-trump-rejects-jpmorgans-bitcoin-credibility\/","title":{"rendered":"Eric Trump rejects JPMorgan\u2019s bitcoin credibility"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Eric Trump mocked JPMorgan at Consensus Miami 2026 for reversing its bitcoin stance within 18 months, saying banks have accepted they can no longer hold back the tide.<\/p>\n<div id=\"cn-block-summary-block_16e9927f0d9b8f61a233d4f696f644c6\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Eric Trump told Consensus Miami that JPMorgan dismissed bitcoin as a \u201cjoke asset\u201d 18 months ago and is now allowing clients to take out mortgages against it.<\/li>\n<li>Trump said traditional financial institutions have \u201clost\u201d the fight against crypto and are now joining the current rather than fighting it.<\/li>\n<li>JPMorgan CEO Jamie Dimon was a longtime critic of bitcoin before his bank built out its Kinexys blockchain platform and sponsored Consensus Miami 2026.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Eric Trump took the stage at Consensus Miami 2026 on Wednesday and attacked JPMorgan over its reversal on bitcoin, framing a timeline that moved from public hostility to mortgage products in under two years. Trump, co-founder and chief strategy officer of American Bitcoin, cast the shift as a concession by the banking establishment.<\/p>\n<p>\u201cJPMorgan, who was crapping all over bitcoin 18 months ago, saying it was a joke asset,\u201d Trump told the Consensus crowd. \u201cIt\u2019s really interesting \u2014 now they\u2019re allowing people to take down home mortgages against their bitcoin holdings at JPMorgan, this happened in a period of 18 months, my friends.\u201d<\/p>\n<p>Trump argued the broader financial industry has been forced to capitulate. \u201cThe financial institutions all realize that they\u2019ve lost and they can no longer push back,\u201d he said. \u201cAnd so instead of actually fighting against the tide, you know what they\u2019re doing, they\u2019re swimming with it for the first time.\u201d<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>JPMorgan CEO Jamie Dimon described bitcoin as a fraud and a speculative asset at multiple points over the past decade. The bank has since pivoted, building out its Kinexys blockchain platform, which has processed more than $1 trillion in transactions, and sponsoring Consensus Miami 2026 for the first time. As crypto.news documented, JPMorgan is now embedded across crypto infrastructure, including as a key institutional partner for Chainlink.<\/p>\n<p>Trump also referenced his family\u2019s history of being debanked, calling it the experience that pushed him toward advocating for bitcoin\u2019s censorship-resistant rails. American Bitcoin holds all mined coins without selling. For Trump, JPMorgan\u2019s shift from critic to mortgage provider in 18 months is the clearest evidence yet that institutional resistance to bitcoin is over.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Eric Trump mocked JPMorgan at Consensus Miami 2026 for reversing its bitcoin stance within 18 months, saying banks have accepted they can no longer hold back the tide. Summary Eric&hellip;<\/p>\n","protected":false},"author":1,"featured_media":27760,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-27759","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/27759","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=27759"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/27759\/revisions"}],"predecessor-version":[{"id":27761,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/27759\/revisions\/27761"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/27760"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=27759"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=27759"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=27759"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}