Eric Trump takes shot at JPMorgan rethinking bitcoin after 'crapping' on asset

The U.S. president's son, who co-founded American Bitcoin, said there's been a turnaround from traditional institutional firms now embracing bitcoin. What to know : Eric Trump said the major institutional financial firms have realized they've lost to the crypto movement. The son of President Donald Trump co-founded mining operation American Bitcoin, and he said it's getting bitcoin for 50 cents on the dollar, trying to be the cheapest operation in the field.