Eric Trump has publicly noted what he frames as a dramatic institutional U-turn: JPMorgan, once among Bitcoin's most vocal critics, is now reportedly offering mortgage products collateralised against <a class="ticker-mention" href="/en-US/token/btc">BTC</a> holdings — a shift Trump says took just 18 months.
The claim underscores a broader pattern of Wall Street reversals on Bitcoin. Institutions that spent years dismissing the asset are now building lending infrastructure around it, treating BTC as collateral in the same breath as traditional securities.
If accurate, a JPMorgan mortgage product backed by Bitcoin would mark one of the most significant legitimacy signals the asset has received from legacy finance — not a trading desk allocation, but a credit product tied to real-world borrowing.
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