Bitcoin halving cuts new supply in half, what does it mean?

From invezz.com

In the early hours of Saturday (GMT), the crypto world witnessed the highly anticipated fourth Bitcoin halving event. This significant occurrence has reduced the new supply of Bitcoin by half, now producing only 3.125 new coins every 10 minutes, down from the previous rate of 6.25. This reduction equates to nearly $30 million worth of Bitcoin that will no longer be entering the market each day, setting the stage for potential price increases if demand remains steady or grows. Historically, Bitcoin halvings have been bullish for the cryptocurrency’s market price. Following the first halving in November 2012, ... (full story)