The price of a crypto asset matters if you own it already. 

It doesn't matter if you don't own it. It's downstream of market cap.

Hypothetical (unlikely to happen) -- Bitcoin does a 2:1 stock split. There are now 42 million BTC. Everyone 2x their balance.

The price is now 50% lower but the market cap stays the same.

Correct, but also people are irrational and just like looking at price because make brain feel good

ex-/airswap. part time node runner, full time shitcaster, all time higher

I'd agree but then someone would mutter something about pmf

> people are irrational

Yes, but no need to feed that