Eric Trump: Traditional financial institutions are re-evaluating Bitcoin

Eric Trump, son of U.S. President Donald Trump and co-founder of American Bitcoin, stated at the Consensus conference that traditional financial institutions are changing their attitudes towards Bitcoin. He cited JPMorgan as an example, noting that the institution was still "diminishing" Bitcoin 18 months ago, but now allows clients to use Bitcoin holdings as collateral to apply for home loans.

Eric Trump also mentioned that traditional financial institutions like Merrill and Charles Schwab have begun to embrace Bitcoin. He stated that these institutions have realized they cannot continue to fight against industry trends, and thus have started to support the Bitcoin ecosystem. He also revealed that American Bitcoin's current goal is to become the lowest-cost Bitcoin acquirer in the industry.