The recent stimulus measures implemented by China are not expected to generate significant bullish "credit impulses" like previous cycles, according to BCA Research. The credit impulse, which measures the flow of new credit issued as a percentage of GDP, has been in a downtrend since peaking in 2008. Despite hopes that the Chinese stimulus and Fed rate cuts would boost bitcoin to $100,000 in the coming months, BCA Research argues that the current stimulus falls short of generating substantial credit impulses. Factors such as the housing market boom, which previously drove credit impulses, are no longer present, making it difficult to replicate previous significant increases in credit impulses.



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