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Table 1 Estimation results of \(\Delta M_{t} = a + \beta *M_{t - 1} + u_{t}\)

From: The explosion in cryptocurrencies: a black hole analogy

 

\(a\)

\(\beta\)

Coef

1.5751*

(0.7609)

0.0044***

(0.0007)

t-statistic

2.07

6.06

p value

(0.039)

(0.000)

Obs

R-squared

Adj R-squared

597

0.0581

0.0565

  1. (***), (**), (*) denotes that the coefficient is significant at the 1%, 5%, 10% level