In the midst of Bitcoin’s recent surge beyond $87,000, Federal Reserve representative Gullspie provided insights into the limited economic influence of tariffs. While acknowledging their impact on a short-term level, Gullspie emphasized broader factors impacting overall macroeconomic trends. This commentary aligns with Bitcoin’s strong market momentum and the launch of XRP futures, indicating a growing presence of cryptocurrency in traditional financial markets. Gullspie’s views suggest minimal long-term inflation risk despite temporary tariff increases, aligning with typical historical patterns. Market analysis suggests a more likely correction than a full bear market cycle.