If the asset has a finite number of units, why does creating it then need to halve the reward if they will all be in circulation one day anyway?
Basically, the Bit-coin halving slows the production of Bit-coin tokens which helps keep the value. If too many tokens existed all at once, each Bit-coin would have little value because there would be too many available without enough time for them to be adopted.
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"The main reason why this is done is to keep inflation under control. One of the major faults of traditional, "fiat", currencies controlled by central banks is that the banks can print as much of the currency as they want, and if they print too much, the laws of supply and demand ensure that the value of the currency starts dropping quickly. Bit-coin, on the other hand, is intended to simulate a commodity, like gold. There is only a limited amount of gold in the world, and with every gram of gold that is mined, the gold that still remains becomes harder and harder to extract. As a result of this limited supply, gold has maintained its value as an international medium of exchange and store of value for over six thousand years, and the hope is that Bitcoin will do the same."