$1T in stimulus sounds like the kind of headline crypto traders love, but the 2020 comparison is not automatic. Back then, markets got hit with huge fiscal support, near-zero rates and a wave of fresh liquidity all at once. That combination helped push capital into risk assets, and $BTC was one of the biggest beneficiaries. If stimulus checks return now, the impact depends on what comes with them. If liquidity increases while the Fed is easing and financial conditions are getting looser, then yes, Bitcoin could benefit in a big way. But if inflation stays sticky and rates remain restrictive, the effect could be much smaller than people expect. The key is not just “people get checks.” It is whether the whole macro setup turns risk-on again. If that happens, $BTC does not need the exact 2020 playbook to make a major move. It just needs fresh liquidity, stronger demand and a market willing to take risk again.