TD Bank subsidiary TD Direct Investing has released a new video on its YouTube channel explaining the upcoming Bitcoin halving event, expected to occur around April 19 or 20. The commercial aims to educate viewers on the significance of this event in relation to Bitcoin’s supply and demand dynamics.
The video highlights the recent approval of spot Bitcoin Exchange Traded Funds (ETFs) in the United States, leading to increased demand for bitcoin while the supply remains fixed. With the halving approaching, the issuance of new bitcoins per day is set to decrease by half, emphasizing the deflationary nature of Bitcoin’s supply schedule. Post-halving, Bitcoin’s inflation rate is projected to be lower than gold’s average inflation rate of ~1.5%.
TD Direct Investing explains that the halving process occurs approximately every four years until the year 2140, when all 21 million bitcoins will have been mined. The commercial also references historical patterns showing a price increase in Bitcoin following previous halving events.
The release of this educational content by TD Bank signals a growing interest in Bitcoin’s economic fundamentals among traditional financial institutions and investors. It reflects a broader awareness of Bitcoin’s limited supply and its potential impact on its value as a store of value.
As the Bitcoin community prepares for the upcoming halving, TD Direct Investing’s effort to simplify this complex concept through a commercial demonstrates the evolving discourse around Bitcoin within mainstream finance. This initiative signifies a shift towards a deeper understanding of Bitcoin’s role in the financial landscape.
