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RE: Don't even bother offering me anything less than $500/coin for my $STEEM, because a punch on the nose may offend..!! Today's Twitter Campaign.
At first glance, $500/steem sounds kind of crazy. Doing a bit of math it would put total market cap at $123 Billion, which would rank it #2 in total market cap for the digital asset space.
But... then I look at youtube being valued at around $70 billion with all of it's bias and propaganda issues that are coming out. Steemit will have several sub-platforms that compete with youtube for video content. Plus it will have the hundreds or thousands of sub-platforms utilizing the SMT's.
All of that make a $500/steem price look well within the ball park of 'Possible' in due time.
Thanks for the comment. What most people fail to understand is that #STEEM has NO DEBT whereas all other Social Media Sites are being measured in $dollar terms which is in itself A DEBT INSTRUMENT that is rapidly loosing value..!!
I have said all along if #Steem does what I think it will and I am more confident now THAN EVER BEFORE, then the #Steem blockchain will be a +$500 billion Social Media Powerhouse..!!
The first time I mentioned this was last year in June when #Steem was valued at around $500m.
For anyone who may have missed it, here is the explanation as to why #Steem could hit +$500 billion.
Why I strongly believe that the STEEM ECOSYSTEM is set to become a +$500bn Powerhouse..!!
Stephen