TD Direct Investing, a subsidiary of TD Bank, has recently posted a video that delves into the anticipated Bitcoin halving, projected to occur around April 19th or 20th.
The video aims to educate viewers about the importance of this event in relation to the supply and demand principles of Bitcoin.
In the video, emphasis is placed on the recent endorsement of spot Bitcoin Exchange Traded Funds (ETFs) in the United States, which has sparked an increase in Bitcoin demand while its supply remains unchanged.
The upcoming halving is set to reduce the daily issuance of new Bitcoin by half, accentuating Bitcoin's deflationary supply mechanism.
Following this halving, the inflation rate of Bitcoin is expected to fall below the average inflation rate of gold, which is around 1.5%.
TD Direct Investing provided detailed insights into the halving process, which takes place roughly every four years (or after every 210,000 blocks), continuing until 2140 when all 21 million Bitcoin are expected to be mined.
The video also discusses the trends observed following past halving events, typically noting an uptick in Bitcoin's price thereafter.
TD Bank's decision to publish this informative content indicates a wider recognition and curiosity about Bitcoin's economic principles within the realm of traditional finance and among investors.
This move underscores an increasing understanding of Bitcoin's finite supply and its implications for its value as a digital asset.