How Does ‘Interest Rate Risk’ in Derivatives Parallel the Risk of a Sudden Difficulty Change?

Interest rate risk in derivatives, particularly fixed-income instruments, is the risk that a change in prevailing interest rates will negatively impact the value of the derivative. Similarly, a sudden, significant difficulty change in Bitcoin mining alters the profitability of the operation.

Both are systemic risks where an external, large-scale variable (interest rate or network difficulty) shifts, potentially undermining the financial assumptions and expected returns of the investment.