TD Direct Investing, a subsidiary of TD Bank, recently uploaded a video to its YouTube channel detailing the upcoming Bitcoin halving event, expected around April 19 or 20. This commercial educates viewers about the importance of this event in the context of Bitcoin supply and demand. Dynamics.
JUST IN: TD Bank subsidiary releases commercial explaining… #Bitcoin Discount and Promote Spot Bitcoin ETFs After 👀 pic.twitter.com/a8YTClIhMf
– Bitcoin Magazine (@BitcoinMagazine) April 11, 2024
The video highlights this year's approval of Bitcoin spot exchange-traded funds (ETFs) in the US, which has increased demand for Bitcoin while supply remains flat. With the impending halving, the issuance of new Bitcoin daily is set to drop by half, highlighting the deflationary nature of Bitcoin's supply schedule. After this halving, Bitcoin's inflation rate is set to be lower than gold's inflation rate which is around 1.5% on average.
#BitcoinThe inflation rate will be lower than the gold rate after the halving 🤯
There is no second best 🚀 pic.twitter.com/ozYM44IIlA
– Bitcoin Magazine (@BitcoinMagazine) April 11, 2024
TD Direct Investing explained the halving process, explaining that it occurs approximately every four years (or every 210,000 blocks) until 2140, when all 21 million bitcoins will be mined. The announcement also touches on historical patterns observed after the previous halving, pointing to a corresponding increase in Bitcoin's price following the event.
The release of this educational content by TD Bank demonstrates broader recognition and interest in the economic fundamentals of Bitcoin among traditional financial institutions and investors. It reflects a growing awareness of the limitations of Bitcoin's supply and its potential impact on its value proposition as a store of value.
As Bitcoin market participants prepare for the upcoming halving, TD Direct Investing's initiative to explain this complex concept through an easy-to-understand medium such as commercials is a testament to the evolving discourse around Bitcoin within mainstream finance.
