I'll go straight to the point, Bitcoin mining is really significant because it keeps Bitcoin’s inflation in check. This was designed by none other than Bitcoin's founder, Satoshi Nakamoto.
Many Crypto Enthusiasts believe this event will have a dramatic effect on Bitcoin’s price.
That’s the Bitcoin halving in a nutshell. If you want a more detailed explanation Halving keep on reading this blog made from KuCoin: https://blog.kucoin.com/what-is-bitcoin-halving-procedure-and-predictions-sk-st