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it matters a lot, actually. FIAT price is holding bitcoin back.
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1 btc = 1 btc
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exactly. That we get distracted with 1 btc = $x, is a big problem.
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I'd argue it matters only in the sense that it's an essential orange pilling tool for normies. You have to build that connection between BTC and fiat for a newcomer to understand.
In terms of measuring bitcoin's "health", irrelevant.
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Hmm. I actually think NGU is one of the worst possible orange pilling vectors.
It's also one of the best.
Unfortunately it's not very reliable as the price varies so much.
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NGO is a cheap, unsustainable OPV, and leads people to shitcoinery.
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Fiat price doesn't matter.