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 undergoing a shift. Citing JPMorgan Chase as an example, he noted that 18 months ago, the institution was still "belittling" Bitcoin, yet now it 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 to embrace Bitcoin. He stated that these institutions have realized they can no longer fight against industry trends and have thus started to pivot 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)
Faster global financial news!
EricTrump: Traditional Financial Institutions Are Revisiting Bitcoin
No AI analysis yet. Tap the "AI Analysis" button above to generate one now.
Source：Odaily · Source Link
Disclaimer: This content reflects only the author’s personal views and does not constitute any investment or financial advice. If you discover any content that violates regulations,Click to Report
24H Trending
-
1
FXBK Coin Analysis: What Is It? Is It Worth Investing In?
-
2
Bitcoin rises above $77,000, bucking tech selloff driven by AI safety concerns and rising oil prices
-
3
Taiwan to open second quasi-diplomatic mission in the Philippines, sources say
-
4
Cosco Shipping Heavy Industry Completes China IPO Guidance Registration
-
5
Xi Pitches AI Vision as Silicon Valley Leaders Tap Brakes
-
6
Samsung Display develops world's first 6.9-inch mobile OLED panel with 2K resolution, 165Hz refresh rate, and 30% lower power consumption
-
7
ATPAD (AtomPad) Project Status Analysis: An Inactive Cryptocurrency
-
8
INX Token Trading Guide: Distinguishing Infinex and INX Limited Tokens and Trading Platforms
-
9
GLIDE Coin Analysis: Project Status and Market Liquidity Analysis
-
10
AntiMatter (MATTER) Token Analysis: Trading, Buying, and Market Status
Markets Today
Recommended Reading
Hot Topics
Svmuu focuses on blockchain industry trends and cutting-edge cryptocurrency news, while also covering real-time market data and in-depth analysis of the Hong Kong, U.S., and foreign exchange markets. Here, you can not only access professional 24/7 news updates and accurate market data, but also utilize practical investment tools to help you capitalize on opportunities in both digital assets and traditional financial markets. Whether you are a blockchain enthusiast or an investor in Hong Kong, U.S., or foreign exchange markets, we provide efficient and timely information services to empower your investment decisions.
- User Agreement
- Privacy Policy
- Contact Us
- Business Partnerships
- Disclaimer
- Content Statement
- About Us
- Sitemap
Coming Soon!
