I thought you did look at that and found no supporting evidence. (Re: effect of bitcoin-usd price)
Eh, I remember it being tricky because it gets absorbed into the time effects. So while I don't find any strong evidence for price mattering, I didn't find evidence against either. I'd probably have to change the specification if I wanted to investigate that, because logPtZit=logPt+logZit and logPt gets absorbed into the time fixed effects.
Sort of a weird critique, considering that's orders of magnitude larger than most econ experiments.
I think the critique was more about generalizability than statistical power. I am absolutely sure this is gonna be a critique a referee is gonna make.
Eh, I remember it being tricky because it gets absorbed into the time effects. So while I don't find any strong evidence for price mattering, I didn't find evidence against either. I'd probably have to change the specification if I wanted to investigate that, because logPtZit=logPt+logZit and logPt gets absorbed into the time fixed effects.
I think the critique was more about generalizability than statistical power. I am absolutely sure this is gonna be a critique a referee is gonna make.