volume = x in equation 4, number of Bitcoins transacted in each minute no = N in equation 4, number of Bitcoin transactions per minute price = P in equation 4, Bitcoin price in each minute in USD r_rate = P^G in equation 4, 10 Year Treasury Inflation Indexed Security (daily) tot_btc = B in equation 4, total bitcoin stock in each minute velocity = V in equation 4, the speed at which bitcoins are transacted (two alternative measures) size1 and size2 are two additional proxies of the size of bitcoin economy (not in equation 4) - in alternative specifications they can be included as additional controls