Key Points:
The company, known for its advocacy of cryptocurrency innovation and efforts to secure approval for Bitcoin ETFs in the US, aims to highlight Bitcoin‘s scarcity as a key driver of its value.
The Hashdex Bitcoin commercial features images of the US dollar and the Japanese yen, symbols of stability, alongside the slogan “Abundance is good! Scarcity can be better!” seems to show the value of this largest digital currency. Hashdex, like other asset management firms, is vying for a Bitcoin ETF to facilitate easier cryptocurrency investment for its clients.
BlackRock, a leading asset management firm, has also stepped into the fray, providing educational content on Bitcoin and the halving event, along with insights into approved spot Bitcoin ETFs.
The Bitcoin halving event, occurring every four years, reduces rewards for miners, slowing the rate of new Bitcoin issuance and preserving scarcity. With only 21 million Bitcoins ever to be mined, the halving intensifies this scarcity factor.
Speculation abounds regarding the impact of halving on Bitcoin’s price, with former Bitmex CEO Arthur Hayes warning of potential price declines post-halving. Nevertheless, Bitcoin has already surged to new record highs, buoyed by excitement over approved spot Bitcoin ETFs and accelerated market demand.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
San Francisco, united states, 23rd December 2024, Chainwire
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