Thoughts on the effect of stimulus check?

I am in Korea and people here are making the connection as the 2T stimulus passed and people under 30 who get their $1400 USD checks most likely will put it in Crypto for 1) cuz their friends are making money 2) a bit smarter folks will try to hedge the upcoming massive inflation. I was reading people will get their stimulus checks/deposits around March 17-24th.

What do you guys think?