people will do what they normally do with stimulus checks: those who don't need it will put it in the bank for a rainy day. those who do need it will immediately spend it on rent/mortgage, food, supplies, and paying bills.

i'm sure there is a very small minority like you who will spend their stimulus checks on bitcoin, but i doubt they will outweigh those investors who are currently selling because of the economic crisis. the pandemic has been horrible for bitcoin investors and the stimulus checks don't do much to alleviate that.

the stimulus check barely makes a dent in my monthly expenses. for me, it's not even enough to bother sending to a bitcoin exchange. it's a tiny emergency cushion in my bank account during uncertain times, nothing more. i already have enough bitcoin tucked away in case it miraculously emerges into a bull market.