China's central bank, the People's Bank of China (PBOC), is about to drop a $140 billion as stimulus package to boost their economy and, this is the largest financial support package since the pandemic.

The country have been facing some serious deflation, falling in prices, and slow growth that is endangering it's goal of pumping their economy by about 5% until the end of the year. So the stimulus package will help by lowering interest rates, which will make more cheaper to Chinese citizens to borrow money.

The PBOC will also reduce the amount of money banks need to hold in reserves, freeing more cash for lending.

This will fuel Chinese to borrow cash to pay lower rates in it but in order to make more from it, people likely bet on assets that can make money from them in less time, and it's here that Bitcoin can enter into the game.

People love Bitcoin and will use that borrowed money from the Bank to boost their finances, earn more faster than any other business that offer less return but stable. The price of Bitcoin may also see a pump in the coming times but, all depends on the desire of the people to borrow and bet in Bitcoin.

However, this move by the People's Bank of China may not be enough to boost their economy alone, as to reach a true impact, the government need to start spending more and find a solution to solve the struggling property market. Remember:

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