Eric Trump takes shot at JPMorgan rethinking bitcoin after 'crapping' on asset
The U.S. president's son, who co-founded American Bitcoin, said there's been a turnaround from traditional institutional firms now embracing bitcoin....
Key takeaways
- 1JPMorgan now allows bitcoin-backed home mortgages after criticizing the asset 18 months ago.
- 2American Bitcoin mines at 50 cents per dollar, targeting sector's cheapest bitcoin acquisition.
- 3Major banks including Merrill Lynch and Charles Schwab have reversed anti-crypto stances.
Coins in this story
Why it matters
Traditional finance's institutional acceptance signals mainstream legitimacy for crypto assets in India's evolving regulatory landscape. This shift validates retail investor confidence as global financial powerhouses integrate blockchain technology into core banking services.
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