Bitcoin's latest "halving" event occurred, reducing the mining reward from 6.25 to 3.125 bitcoins per block. This process, occurring roughly every four years, aims to limit the total supply of bitcoins to 21 million, in line with Satoshi Nakamoto's design. The reduction in new Bitcoin production has significant implications for miners, as their earnings decrease by 50%, potentially impacting profitability and leading to industry consolidation. Historically, halving events have preceded price increases, though the effects on Bitcoin's price remain uncertain due to various market factors. Additionally, halving serves to control inflation and maintain Bitcoin's value over time, but it may also exacerbate price volatility. The environmental impact of Bitcoin mining, especially concerning energy consumption, remains a concern, with studies indicating significant carbon footprints associated with mining activities. Despite these challenges, Bitcoin's scarcity mechanism and decentralised nature continue to attract interest from investors and analysts alike.