EricTrump: Traditional financial institutions are re-evaluating Bitcoin

Odaily Planet Daily News: Eric Trump, son of U.S. President Donald Trump and co-founder of American Bitcoin, stated at the Consensus conference that the attitude of traditional financial institutions towards Bitcoin is changing. He cited JPMorgan Chase as an example, noting that while the institution was "denigrating" Bitcoin 18 months ago, it now allows customers to use their Bitcoin holdings as collateral to apply for home loans.

Eric Trump also mentioned that traditional financial institutions such as Merrill Lynch and Charles Schwab have begun embracing Bitcoin as well. He indicated that these institutions have realized they can no longer fight the industry trend and have therefore started to shift towards supporting the Bitcoin ecosystem. He also revealed that American Bitcoin's current goal is to become the lowest-cost acquirer of Bitcoin in the industry. (CoinDesk)