Bitcoin's upcoming halving event, expected in April or May 2024, is set to significantly impact its scarcity and value. Historically, Bitcoin's halving has reduced the rate at which new coins are produced, thereby increasing its scarcity. Currently, Bitcoin's Scarcity Factor (SF) is approximately 54, akin to gold, but post-halving, it is projected to rise to 108, making Bitcoin one of the most scarce assets in history. The halving event is a pivotal moment for Bitcoin, as it alters the supply dynamics, which in turn influences its price. While some market participants focus on the potential approval of Bitcoin ETFs as a price driver, the fundamental change in supply due to halving is the primary factor. As Bitcoin's scarcity increases, it is expected to enhance its value proposition as a store of value, akin to gold, and potentially drive its price to new heights in the coming years.