TD Direct Investing, a subsidiary of TD Bank, recently posted a video on its Youtube channel explaining in detail the next Bitcoin Halving Eventexpected around April 19 or 20. The advertisement serves to inform viewers about the importance of this event in the context of the supply and demand dynamics of Bitcoin.
JUST IN: A subsidiary of TD Bank publishes an advertisement explaining #Bitcoin Halving and Promoting Spot Bitcoin ETFs After 👀 pic.twitter.com/a8YTClIhMf
– Bitcoin Magazine (@BitcoinMagazine) April 11, 2024
The video highlights this year's approval of spot Bitcoin exchange-traded funds (ETFs) in the United States, which has led to an increase in demand for Bitcoin while supply remains flat. With the halving looming, the daily issuance of new bitcoins is expected to halve, highlighting the deflationary nature of Bitcoin's supply schedule. After this halving, Bitcoin's inflation rate is expected to be lower than gold's inflation rate by around 1.5% on average.
#BitcoinInflation rate will become lower than gold after halving 🤯
There is no second choice 🚀 pic.twitter.com/ozYM44IIlA
– Bitcoin Magazine (@BitcoinMagazine) April 11, 2024
TD Direct Investments 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 have been mined. The ad also discusses historical patterns seen after previous halvings, noting a corresponding increase in Bitcoin's price following the event.
The release of this educational content by TD Bank signifies broader recognition and interest in the economic fundamentals of Bitcoin among traditional financial institutions and investors. This 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 an advertisement demonstrates the evolving discourse around of Bitcoin within the traditional financial sector.