What is bitcoin halving, when will it happen and why can it cause the currency's price to skyrocket?
Briefly

Bitcoin halving reduces miner rewards from 6.25 to 3.125 BTC per 210,000 network blocks, aiming to maintain scarcity and drive demand and price increases.
Halving mirrors precious mineral deposit depletion: Initially, high rewards attract miners, but as supply diminishes, prices rise due to increased demand in the cryptocurrency market.
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