The more efficient option will take the majority of the market share over time. The growth into the digital assests will continue, it will also continue to be volatile as it has been in it's 8 year history.
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More efficient ... do you mean bitcoin cash since it has larger blocks? That don;t sound too good for steem price in the short term I guess...
By more efficient, I mean whichever version of bitcoin processes transactions the quickest and most affordably.
I'd expect the fork will provide a boost to the other crypto-coins since all the people with bitcoin suddenly find themselves with value. $7 billion dollars worth of BCH already in the digital marketplace won't all stay put.