Simply because the lack of Chinese bag holders to buy and hold our bags.
every day 2k of bitcoin created, who is going to buy them?
huge amount of bitcoins gonna be sold by Chinese, no one can buy them and hold the price above $2k, in fact, not even $1k.
Miners are heavily invested in bitcoin, even if that many coins are created everyday, that is not a big amount to begin with when there are already 16.5 million coins and most miners only sell enough bitcoin to cover their costs and they keep the rest in the hopes that bitcoin becomes more valuable.