Coinbase releases a Commercial Explaining the Upcoming Bitcoin Halving Event
Cryptocurrency exchange company Coinbase Global recently posted a commercial to explain the Bitcoin halving event to crypto enthusiasts on its Coinbase official X (formerly known as Twitter) handle.
The uploaded video shows Coinbase's effort to create awareness and educate viewers using an easy-to-understand video concept to explain the upcoming Bitcoin halving event scheduled to take place in April.
Food for thought:
What if money was designed to get you more over time, not less?#Bitcoin pic.twitter.com/z8eHF8JltQ
— Coinbase 🛡️ (@coinbase) April 15, 2024">
Watching the commercial video, it narrates the significance of the Bitcoin Halving event within the context of Bitcoins supply and demand and how price increases. The video begins with this statement: "Over time, your money gets you less; does Bitcoin?."
Using pizza and a blue vintage scooter, the video explains how profitable Bitcoin is compared to traditional money and how many pizzas you could get using 1 BTC in 2012, 2016, 2020, and 2024. The interval between each year explains how long before each Bitcoin halving event takes place.
The video goes further to show how Bitcoin supply is reduced every four years and why you get more after each Bitcoin halving event. It elaborates the event patterns since 2012 and explains the observation that after every Bitcoin halving event, there is an increase in the Bitcoin price. The video concluded with the tagline “Bitcoin moves money forward" and Coinbase.
The highly anticipated Bitcoin halving event takes place approximately every four years (or every 210,000 blocks) and decreases the number of bitcoins created by half. In 2140, it is expected that the total maximum supply of bitcoins supplied will have been mined.
Since the beginning of the year, it has been an amazing run for Bitcoin in the crypto market. In January, the Securities and Exchange Commission (SEC) granted approval for spot Bitcoin ETFs in the United States.
On Monday, Hong Kong security regulators also granted the approval of the city's first spot Bitcoin and ethereum exchange-traded funds (ETFs). This might be a sign of a bullish moment for the digital asset. Bitcoin has been booming, with the digital asset value going high and reaching an all-time high in March.
Bitcoin surpassed $73,000 just last month and Coinbase's creative commercial on the highly anticipated Bitcoin halving event happening in a few days, signifies the interest among users.
With only 21 million bitcoins ever to be mined, it shows the potential impact of Bitcoin's limited supply on its value.
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