Eric Trump to JPMorgan: You spent 18 months 'crapping' on BTC — now you're writing mortgages against it!

Speaking at Consensus Miami 2026, Eric Trump called out JPMorgan's reversal on bitcoin directly: the bank that dismissed the asset as a joke 18 months ago is now letting clients take home mortgages against their BTC holdings. Trump, co-founder and chief strategy officer of mining company American Bitcoin (ABTC), framed the shift as proof that traditional finance has conceded the argument.

"The financial institutions all realize that they've lost and they can no longer push back," Trump said, adding that the industry has "broken the banks" that once rejected the Trump family's business. American Bitcoin, currently the 16th-largest public holder of bitcoin, says it is acquiring BTC at 50 cents on the dollar — positioning itself as the lowest-cost miner in the sector.

Trump repeated his long-standing call for bitcoin to eventually surpass $1 million, describing it as "one of the great…