TWTTER Founder’s Warning for Investors can be the reason why Bitcoin is up to one million dollars

Silicon Valley circles have long looked at Dorshi like the upcoming Steve Jobs because his technical powers are in the same league. Twitter has changed the world and CASHAPP was an innovative innovative company of Dorsey Square Payments in Bitcoin.

In 2019, CASHAPP started providing BTC nursery services that owners can buy using their credit card. Overncense, its users began to do exactly a smaller scale, making Microstrate (now strategy) a sense of Wall Street recently.

Today, Square Block. Its shares only I fell before 20 % to start in May. Dorssi warned of investors of the troubled times of the American consumer’s strength. Ironically, although this is not good news of the Block business model, it may be the catalyst that pays the Bitcoin price to a million dollars.

Consumer weakness to stimulate the reduction of the federal reserve rate?

After the Block profit report, the CEO of one of the largest payment processing applications in the world said consumer spending Turn Heavily.

“This coincided with the flows less than our expectations. During the quarter, the spending card is not integrated in areas such as grocery and gas was more flexible, while we saw a more clear impact on estimated spending in areas such as travel and media. We believe that this consumer soft was a major engine for our beauty.”

Discounts on spending led to a decrease in sales in the first quarter, which I saw The American economy has shrunk for the first quarter three years ago. If this happens to the second quarter in a row, it meets the most used definition of stagnation by official economists.

As a result, the central bank is suitable for lowering interest rates for business again. CNBC survey He finds a rate Most likely this year due to the volatile economy.

This may be what BTC’s prices again to a million dollar level, as Dorssi previously expected.

Dorsi expects $ 1 million by 2030

When the Federal Reserve was reduced in 2007-2008, Bitcoin started working for the first time. During the low interest rate system that followed the year, BTC prices rose from one thousand piasters to $ 20,000 by December 2017.

By that time, the Federal Reserve raised prices again, and the price of bitcoin collapsed. It began to recover after the federal reserve rates decreased again in 2020 and rose to a new record of $ 69,000 by 2021.

The scene looks somewhat similar now, but the BTC price is actually higher than 100,000 dollars even after the third federal reserve rejected respectively to reduce prices.