Data shows that there is no linear relationship between Bitcoin mining difficulty and weekly return rate

According to BlockBeats, Twitter celebrity Alex Krüger announced his research results today: data shows that there is no linear relationship between Bitcoin mining difficulty and weekly return rate (forward or backward). He also mentioned in his tweet that although Bitcoin mining difficulty was adjusted by 2% today, no miners surrendered en masse and the network situation remained normal. In the short term, this difficulty increase is neither positive nor negative for the price.

BlockBeats reminds that according to the document "Risk Warning on Preventing Illegal Fund Raising in the Name of "Virtual Currency" and "Blockchain"" issued by the China Banking and Insurance Regulatory Commission and other five departments in August 2018, the general public is requested to look at blockchain rationally, not blindly believe in the exaggerated promises, establish correct monetary concepts and investment ideas, and effectively enhance risk awareness; any clues of illegal and criminal activities discovered can be actively reported to the relevant departments.