Bitcoin's price has shown a positive correlation with the size of the People's Bank of China's (PBOC) balance sheet over the past eight years. The PBOC is considering a massive stimulus package of up to 1 trillion yuan ($142 billion), which has led to a surge in Asian stock markets, including the CSI 300 Index. Some believe that this stimulus could indirectly benefit bitcoin by increasing investments in blockchain and crypto-related ventures. The positive correlation between bitcoin's price and the PBOC's balance sheet suggests that the new stimulus could push up the price of bitcoin. Additionally, all riskier assets are expected to receive a boost as a result of the stimulus.



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