Wow! This is a great project to make the platform an interacting one and coming down to the talking point.

This is my my first experience as far as bitcoin halcing is concern and after taking my time to make inquiry from some people who are into this game for awhile, i was made to know that Bitcoin halving is just a way of reducing the amount of Btc that will be coming from the block reward. In a simple term, it has to do with reducing by half.

This will be the third halving since bitcoin came into existence cutting the mining block from 50 btc to 25 btc dated back to 2012 and with the recent halving, the mining block is reduced to 6.25 btc

Now coming down to how it will affect bitcoin demand, supply and inflation, we can explain this by using the law of demand and supply which stated that the higher the price and the lower the demand while the law of supply stated that higher the price the higher the quantity demanded. Now with the recent halving, it means btc will be very scares to get unlike before and this will have a positive effect on the price because the lower the quantity, the higher the price.

To round this up with the last question there, my expectation is to see the rate surpassing the current rate and it is not something that will happen in a day but it will surely happen, i wouldn't be surprise if the rate goes up as far as $20k to 1btc.