TD Bank subsidiary TD Direct Investing recently uploaded a video on its YouTube channel Explaining the future Bitcoin halving eventExpected around 19-20 April. This commercial is meant to inform viewers about the importance of the event in the context of Bitcoin’s demand and supply dynamics.
Just in: TD Bank releases commercial explaining what the #Bitcoin Halfing and promoting spot Bitcoin-ETFs following👀 pic.twitter.com/a8YTClIhMf
— Bitcoin Magazine (@BitcoinMagazine) April 11, 2024
This video highlights the approval this year of Bitcoin Exchange Traded Funds in the United States. The result is a spike in bitcoin demand while supply remains constant. The upcoming halving will result in a reduction of half of the number of bitcoins issued per day, which highlights the deflationary character of Bitcoin’s schedule. Bitcoin’s rate of inflation will be less than before this halving. gold’s inflation rate of ~1.5% on average.
#BitcoinThe inflation rate of’s will be lower than that of gold after the halving🤯
No second-best.🚀 pic.twitter.com/ozYM44IIlA
— Bitcoin Magazine (@BitcoinMagazine) April 11, 2024
TD Direct Investing explained the halving procedure, explaining it happens approximately every 4 years (or once every 210.000 blocks) up until 2140 when all 21,000,000 bitcoins have been mined. This commercial also mentions the patterns that were observed in previous halvings. It noted an increase in Bitcoin’s price following each event.
The release of the educational content from TD Bank indicates a broader recognition and interest by traditional financial institutions in Bitcoin’s fundamental economics. financial Investors, institutions and other financial organizations. This reflects an increasing awareness of Bitcoin’s limited supply, and the potential impact it could have on its value proposition.
The TD Direct Investing initiative, to simplify this complicated concept in a simple media such as a television commercial to make it easier to understand is a testimony to how the discourse on Bitcoin has evolved within the mainstream financial sector.
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Source: bitcoinmagazine.com