Reverse correlation with geopolitical situation. The worse it gets out there the better the cryptos and especially Steem and Steemit are going to thrive. Only concern is government regulation of coin exchanges (especially in USSA).
They made forex impossible to trade for US citizens by regulating out of existence the brokers and not allowing US accounts with brokers outside of US. I hear there are problems already for US citizens to even open a coin exchange account. "Land of the brave and home of the free" has been a bad joke for quite some time.
Jeff Berwick @dollarvigilante is consistently pessimistic and sells his reports so I take it with some reservations. But he does make some good points. Govt regulations could pour a bucket cold water on cryptos. Like I say I've see what they did to the small traders with "regulating" gold and silver by increasing margin requirements and what they did to US traders with "regulations" (choke holds) out the wazoo. https://steemit.com/bitcoin/@dollarvigilante/the-us-government-clamps-down-on-ability-of-americans-to-purchase-bitcoin
They are scared to loose control, same as the banks...
It's going to break loose.. Like a tsunami...