China's recently announced stimulus package will have little impact on the Bitcoin (BTC) rally, according to a report by BCA Research. The report notes that the ratio of China's credit stimulus (Credit Impulse) to GDP has been highly correlated with the price of BTC in the past. However, the recent downturn in China's real estate market has weakened the effectiveness of credit stimulus. As a result, the report estimates that a credit stimulus of 27 trillion yuan would be needed for BTC to continue its uptrend. The recent credit stimulus is only 5 trillion yuan, so it is unlikely to have a significant impact on the Bitcoin rally.

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