JPMorgan reverses stance on bitcoin, now offers mortgages backed by crypto in 18 months.

Eric Trump criticized JPMorgan at Consensus Miami 2026 for its rapid shift from calling bitcoin a "joke asset" to allowing clients to take out home mortgages against their bitcoin holdings within 18 months. This change highlights how traditional financial institutions have accepted the rise of cryptocurrency and are now integrating it rather than opposing it. JPMorgan, once led by CEO Jamie Dimon who was a vocal bitcoin skeptic, has since developed its Kinexys blockchain platform and become a key player in crypto infrastructure. Trump's remarks underscore a broader industry trend of banks adapting to the growing influence of crypto assets.