BITCOIN:STEEM RATIO
Recently I reiterated my strong believe that the STEEM ECOSYSTEM has the potential to grow into a +$500 billion Powerhouse and today I wanted people to begin to focus on the "Bitcoin:Steem Ratio"..!!
To keep things simple and assuming a present price of $2,800 and $2.80 respectively this represents a Bitcoin:Steem Ratio of 1,000:1.
Based on this Ratio of 1,000:1, this provides us with Price Targets of $1m and $1k respectively.
At $1k / STEEM this gives us a Market Capital for STEEM at $234 billion or less than HALF my Estimated Potential Target based on the current floating supply of STEEM at 234 million coins .!!
Thanks for reading.
Stephen
Shared on twitter. Stephen
Shared on LinkedIn. Stephen
I just noticed this ratio too @stephenkendal
This is good!
This is a great way to keep an eye on which way they move in direct relation to the other,
Not usd.
Great! 😎
Wonderful signs, wonderful times.
Thanks you Stephen!
We will definitely outpace BTC.
It starts this year when we double, triple, and...
That's a very interesting way of looking at it. I think steem will gain a lot soon because 5 dollar value is much more likely in the short run for steem than 5k is for bitcoin in my opinion.
Let's go play a game of catch up Stephen!
I like that game.
Thak you for the post! This ratio has changed a lot recently and as Steem gains the power and popularity the ration should be 400:1 or less, because for steem is more likely to grow faster than bitcoin!
How are you comming up with the timeline for this price target, as it is affected by steem inflation (which i assume you have taken into account)?
long road ahead
Thank you for the information
Dapat ilmu lagi dari postingan ini
Hope it happens !
Thanks for the post. I look for all the comments on steem . Good food for thought .