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Bitcoin’s halving refers to the halving of the payouts to Bitcoin miners when they mine a block. In finance, we talk about stock and flow. If we use the analogy of a bath, the stock is the amount of water existing in the bath, and the flow is the amount of water flowing into the tub. The halving would mean halving the flow of water into the bath. This means two things bitcoin to credit card how to: First, it represents a deceleration of the rate at which new Bitcoin is added to the stock; and second, because Bitcoin has no endogenous cash flows, it is not subject to discounted cash flow analysis.