TD Direct Investing, a subsidiary of TD Bank, recently uploaded a video on its Youtube channel explaining in detail the upcoming bitcoin Halving Eventexpected around April 19 or 20. The commercial serves to educate viewers about the importance of this event within the context of bitcoin supply and demand dynamics.
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JUST IN: TD Bank subsidiary launches commercial explaining the twitter.com/hashtag/bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin Halving and Promoting Spot bitcoin ETFs After pic.twitter.com/a8YTClIhMf
– bitcoin Magazine (@BitcoinMagazine) twitter.com/BitcoinMagazine/status/1778481418579951795?ref_src=twsrc%5Etfw”>April 11, 2024
The video highlights this year's approval of bitcoin exchange-traded funds (ETFs) in the United States, resulting in a surge in demand for bitcoin while supply remains fixed. With the impending halving, the issuance of new bitcoins per day will decrease by half, highlighting the deflationary nature of the bitcoin supply schedule. After this halving, bitcoin's inflation rate will be lower than gold's inflation rate of ~1.5% on average.
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twitter.com/hashtag/bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoinInflation rate will be lower than gold after halving
There is no second best pic.twitter.com/ozYM44IIlA
– bitcoin Magazine (@BitcoinMagazine) twitter.com/BitcoinMagazine/status/1778458512705647097?ref_src=twsrc%5Etfw”>April 11, 2024
TD Direct Investing explained the halving process, explaining that it occurs approximately every four years (or every 210,000 blocks) until the year 2140, when all 21 million bitcoins will have been mined. The commercial also addresses historical patterns seen after previous halvings, and notes a corresponding increase in the price of bitcoin following the event.
The publication of this educational content by TD Bank signifies broader recognition and interest in the economic fundamentals of bitcoin among financial institutions and traditional investors. It reflects a growing awareness of bitcoin's limited 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 like a commercial is a testament to the evolving discourse around bitcoin within conventional finance.
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