Who said anything about "most people"? I am talking Financial Institutions, Pension Funds and Fund Managers. When they start buying they won't be buying x1 Steem here and x1 Steem there, they will be buying in chunks of x100,000's and they most certainly won't be bothered whether its $1, $2, $3, $4, $5, $6 or $7. What they will see is the divergence from Bitcoin and will snap up Steem in a blink of an eye. Why? Because in their eyes Steem is cheap in Bitcoin terms and Bitcoin is rising rapidly..!! Stephen
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Why any of listed entities may be interesed in buying steem? It is blockchain for publishers not financial institutions
I agree with Stephen. I recommend to read this post from @dantheman.
Most people are still falling into the trap of seeing Steem and Steemit the only parts of the same animal when in real terms Steemit (the blogging application) is a tiny part of the overall Steem Ecosystem. Steem is an asset class in its own right and if it proves a store of value, of wish I am very confident that it will, then Financial Institutions, Pension Funds and Fund Managers will be snapping it up like no tomorrow. I might be wrong, but +30 years of investing kind of tells me I am bang on..!! Stephen
I referenced an old post from @dantheman in a recent interaction when I was pointing out a similar misconception.