Bitcoin bull markets are very important for decentralisation - so no need to virtue signal that you don't care about price or purchasing power:

- More distribution of ownership as OGs sell

- More incentive for new miner manufacturers

- More incentives for mining operations in areas and jurisdictions with more expensive energy

- More Bitcoin businesses and products, some of which are good and will survive

- Wealthier Bitcoiners who can support efforts to lobby & sue governments to create friendlier regulations

- Casual holders scared about how much wealth they now have getting their shit together and storing their sats properly

- More people being forced to engage with debates related to Bitcoin, and a % of those understanding and not being able to unsee the truth about money

- More money donated to developers, and previous donated sats being worth more - should mean more developers

- New constituencies with incentives to support friendlier attitudes to Bitcoin

- Random businesses accepting Bitcoin as a marketing stunt, but continuing support and helping improve merchant products

Loads more obviously. Yes I love Bitcoin and Bitcoiners even in a bear market and when prices are flat. But bull markets, while bringing a lot of clownery, move our cause massively forward. I think that's why I check the exchange rate so often: because it's a barometer of our progress.