Eric Trump Hails JPMorgan BTC Mortgage Pivot as American Bitcoin Mines at 47% Discount Near $81K
Eric Trump spotlighted JPMorgan's shift to accepting Bitcoin as mortgage collateral at Consensus 2026, while American Bitcoin disclosed Q1 results showing a $0.08 per-share loss, $62.12M revenue miss, yet mined 817 BTC at a 47% cost discount and grew reserves to ~7,000 BTC ($566M). This builds on May 6 coverage of his remarks on banks like JPMorgan, Bank of America (custody patents), and Charles Schwab (crypto trading) reversing skepticism from 18 months ago when Jamie Dimon labeled BTC a 'joke asset.' Trump credited U.S. pro-innovation policies, touted American Bitcoin as the 16th-largest public holder mining at 50 cents per dollar, and reiterated a $1M BTC target with prices near $81K.