Will the world tolerate so many billionaires? 667000 steem today will equate 1 billion dollars if the price hits 1500.
There are hundreds of stemians with 10s of thousands in steem power and liquid steem combined.
10K steem today will equate to 15M dollars @$1500 per steem.
tons of millionaires will emerge from steemit community.
What will happen to the dollar index then? What will be the purchasing power of $1 after price hits 1500 per steem?
It is easy to say that prices are gonna skyrocket but, we need to be more objective. I believe 3 digit price will be on the agenda soon, but 1500 per steem seems unreal in 5 years. The crypto boom is still in the early stage but that doesn't mean that we are going to see 1000x increases. doubling, tripling, 10X is more real. Even if prices reach $500 per steem the intrinsic value will be different and lower. Speculation is a thing, that may earn you a perfect life or a disaster.
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Yep Post good content to help the site get more members and visitors and if everyone can do that it will continue to grow and most likely our grow youtube and facebook combined. The key combination is how steemit share s revenue with its members and contributors an idea we have not seen much anywhere else as yet.. but there will be copycats coming out I am sure, but if steemit continues to improve their platform to stay the market leader like facebook and youtube and google have done that I can see the price of Steemit continue to go up all the time.. Thanks for sharing your post.
There is one copycat Golos.io for example. :)
we certainly are living in interesting times