Jack Dorsey, founder of Twitter and Square, has raised concerns about the US consumer economy facing turbulent times. These warnings coincide with a decline in Block (Square) shares following its earnings report, revealing that the company’s business model relies on strong consumer spending. The recent dip in consumer activity may signal potential economic recession, potentially leading to a Federal Reserve rate cut. This move could trigger an increase in Bitcoin price, according to Dorsey’s prediction of hitting $1 million by 2030. The prediction is based on historical patterns, where the Fed’s actions during previous recessions led to significant Bitcoin price surges.