Eric Trump, son of US President Donald Trump and co-founder of American Bitcoin, stated at the Consensus conference that traditional financial institutions are changing their attitude towards Bitcoin. He cited JPMorgan Chase as an example, noting that the institution, which was "denigrating" Bitcoin 18 months ago, now allows clients to use their Bitcoin holdings as collateral for home loans. Trump also mentioned that traditional financial institutions such as Merrill Lynch and Charles Schwab are embracing Bitcoin. He stated that these institutions have realized they can no longer fight industry trends and are therefore turning to support the Bitcoin ecosystem. He further revealed that American Bitcoin's current goal is to become the lowest-cost Bitcoin acquirer in the industry. (CoinDesk)