Eric Trump Says JPMorgan's Bitcoin Reversal Proves Him Right, Predicts BTC Above $1 Million

Eric Trump told Consensus attendees that JPMorgan’s reported shift—allowing clients to use Bitcoin holdings in mortgage lending—validates his long-term bullish view on crypto and signals accelerating institutional adoption. He predicted Bitcoin could reach $1 million, citing regulatory clarity, institutional demand and AI-driven digital payments as catalysts. The article highlights American Bitcoin (ABTC) as a company mining over 10 BTC per day with gross margins above 50% and a $500M+ raise, framing mining and treasury accumulation as part of institutional ecosystem growth. Market impact: JPMorgan’s move and corporate mining strength may reinforce positive sentiment and inflows into Bitcoin, supporting higher price expectations, while Trump's $1M call is a high-profile price forecast that could amplify bullish retail and narrative-driven trading.