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

Entering my cheering for you era. You cannot compete with me. I want you to win too.

higher

> people are irrational

Yes, but no need to feed that

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