There is no 1.4 trillion dollar stimulus headed to bitcoin from China.

So, let’s use a bit of common sense as we move into this topic. A speculative Forbes article says, “Maybe china is going to give its people 1000 USD each to go out and spend to get the economy moving again.”

Okay. Let’s break that down. 1000 USD / Person in China. Do you know how difficult it is to put that money into bitcoin if you live anywhere besides Hong Kong?

Not to sound like a psy-op or a puppet from a foreign state, but it’s necessary to name some reminders about China and digital assets:
1. Ownership is prohibited.
2. Manufacturing of mining devices (ASICs) is prohibited (bitmain makes them in Thailand, Indonesia, and Malaysia).
3. Mining is illegal.
4. Using any payment method (wechat pay, alipay, bank transfer, etc.) to buy crypto is illegal.

Now, the above points will not stop everyone from buying crypto in China, but even before “crypto-prohibition” in China became a thing in 2021, crypto-ownership in China was lower per capita than America or Europe. A sober perspective is to say that maybe a billion or two USD will enter the crypto markets, largely through OTC trades – which are still very punishable and can get anyone’s wechatpay / bank / alipay accounts suspended or restricted.

So, in other words, at best, a few drops in the bucket will enter the market.