Bitcoin Surges Past $87K as Trump’s Anti-Powell Rhetoric Undermines Dollar Confidence

Bitcoin (BTC) surged past $87,000 as investors’ confidence in the dollar dropped after President Donald Trump criticized the United States of America’s Federal Reserve Chair, Jerome Powell, for not complying with the president’s request to cut interest rates.

As the U.S. dollar is witnessing a downturn, the U.S. stock markets have followed suit with a presence of selling pressure across major sectors.

The U.S. President accused the central bank chief of “playing politics” and expressed that the interest rates on home mortgages and other consumer credit, for example, should be falling in the country as it is happening in Europe.

Trump's criticism of Fed chief Powell has long history but latest could be most damaging https://t.co/g9AX7DMyWD

— USA TODAY (@USATODAY) April 18, 2025

Amid Trump’s feud with Powell, Bitcoin has utilized the opportunity to attract the interest of investors, particularly institutional investors, with an increase of 3.52% in the last 24 hours.

Also, financial products like ETFs contribute immensely to the surge of Bitcoin. In fact, this new increase on the 21st of April, 2025, marks a new high level for BTC since March 27, 2025.

Bitcoin Will Reach $180k to 200k in 2025 – Robert Kiyosaki

Following predictions by investors that Bitcoin could hit $250k in 2025 and even $1 million soon, Robert Kiyosaki, a renowned entrepreneur and author, also stated that he strongly believes that Bitcoin will reach $180k to $200k in 2025.

BITCOIN is $84k today. Strongly believe Bitcoin will reach $180k to $200k in 2025.

What do you think?

— Robert Kiyosaki (@theRealKiyosaki) April 20, 2025

This comes after making a post on the 13th of April, 2025, criticizing the U.S. dollar and branding it as “corrupt and crooked” while calling investors to get Bitcoin, which is currently roaring, Gold, which is at an all-time high, and silver, which its demand is exploding.

PLEASE LISTEN to Gold, Silver, & Bitcoin. What are they telling you?
Gold is at an all time high, demand for silver is exploding, and Bitcoin is roaring.

Are you listening?

REPEATING MYSELF, I warned of the biggest stock and bond market crash in history was coming in my…

— Robert Kiyosaki (@theRealKiyosaki) April 13, 2025

Recently, more funds are being pumped into BTC ETFs, and also institutional and individual investors are adding more Bitcoin to their portfolios.

For example, Michael Saylor, Strategy’s Chairman, posted another Bitcoin tracker which usually signals a $BTC purchase by the company.

Insufficient Orange. pic.twitter.com/Gz36jJELBs

— Michael Saylor (@saylor) April 20, 2025

Saylor previously posted that:

“Bitcoin has no counterparty risk.No company. No country. No creditor. No currency. No competitor. No culture. Not even chaos.”

Similarly, Metaplanet, Japan’s first and only publicly listed Bitcoin Treasury Company, added 330 BTC worth $28.2M to its Bitcoin reserve, totaling 4,855 $BTC on the company’s balance sheet.

🚨 JUST IN: METAPLANET BUYS 330 MORE BTC, NEARS 5,000 BITCOIN IN TOTAL HOLDINGS

— Coinwaft (@coinwaft) April 21, 2025

Ethereum Price Gained a 2.7% Increase

Moreover, Ethereum’s Ether also gained a 2.7% increase in the last 24 hours. Ether is currently traded for $1,631.

🚨 UPDATE: VITALIK SUGGESTS REPLACING ETHEREUM’S EVM TO STREAMLINE SMART CONTRACTS AND BOOST SPEEDS BY UP TO 100X pic.twitter.com/XPJfKHdLpO

— Coinwaft (@coinwaft) April 21, 2025

This increment comes after Ethereum’s Co-founder, Vitalik Buterin proposed replacing Ethereum’s EVM with RISC-V as the virtual machine language that smart contracts are written in to improve efficiency up to 100x and simplify proof generation.