According to CoinDesk, on May 7 at Consensus, Eric Trump said JPMorgan Chase is now allowing customers to use Bitcoin holdings as collateral for home loans, reversing its position from 18 months ago when it called BTC a “joke asset.” Trump, co-founder of American Bitcoin, noted that Bank of America and Charles Schwab are also embracing Bitcoin. American Bitcoin operates mining at a cost of 50 cents per Bitcoin and aims to become the lowest-cost Bitcoin acquirer in the industry.
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