Eric Trump Criticizes JPMorgan’s Bitcoin Reversal as Bermuda Advances USDC Payments

JPMorgan Chase CEO Jamie Dimon has criticized Bitcoin for years, but the bank has increasingly invested in blockchain and asset tokenization. Bermuda, meanwhile, has established a regulatory framework under its Digital Asset Business Act. These parallel shifts underscore how crypto assets are moving from speculative instruments into banking services and everyday payments.

At Consensus Miami on May 6, 2026, Eric Trump said JPMorgan had gone from disparaging Bitcoin to allowing clients to use their holdings to apply for mortgages within 18 months. He also predicted that Bitcoin would surpass $1 million. The same day, Bermuda Premier David Burt announced an expanded initiative with Circle and Coinbase that would include another USDC airdrop to residents and merchant onboarding later in the year. No amount was disclosed.