TD Bank releases ad explaining Bitcoin halving and promotes ETF
TD Bank subsidiary TD Direct Investing recently uploaded a video to its YouTube channel detailing the upcoming Bitcoin halving event, expected around April 19th or 20th. This ad serves to educate viewers about the significance of this event in the context of Bitcoin’s supply and demand. dynamics.
Latest: A TD Bank subsidiary released an ad explaining: #Bitcoin 🙌 Afterwards, spot Bitcoin ETFs are halved and promoted. pic.twitter.com/a8YTClIhMf
— Bitcoin Magazine (@BitcoinMagazine) April 11, 2024
The video highlights that a spot Bitcoin exchange-traded fund (ETF) was approved in the U.S. this year, which has led to a surge in demand for Bitcoin while supply remains flat. With the halving imminent, the amount of new Bitcoin issued per day is scheduled to be reduced by half, highlighting the deflationary nature of the Bitcoin supply schedule. After this halving, Bitcoin’s inflation rate is set to be lower than gold’s inflation rate of ~1.5% on average.
#BitcoinThe inflation rate will be lower than it was after the gold halving 🤯
There is no second best solution 🚀 pic.twitter.com/ozYM44IIlA
— Bitcoin Magazine (@BitcoinMagazine) April 11, 2024
TD Direct Investing detailed the halving process, explaining that it will occur approximately every four years (or every 210,000 blocks) until 2140, by which time all 21 million Bitcoins will have been mined. The ad also addresses historical patterns observed since previous halvings and points out a corresponding increase in Bitcoin price following the event.
TD Bank’s launch of this educational content signals broader awareness and interest in Bitcoin’s economic fundamentals among traditional financial institutions and investors. This reflects 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 plan to explain this complex concept through easy-to-understand media such as advertising is evidence of the evolving discourse surrounding Bitcoin within mainstream finance.
