You think that STEEM will be worth $500 at one point? How did you come to that number? Right now we are looking at a 250 210 324 STEEM circulating supply. $500 would make the STEEM market cap $125 105 162 000! That is an insane evaluation for a 2-3 year period. Unless I am mistaken, the current market capitalization of Facebook is $500B.
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The number is just a speculation based on the future value of steem especially after the implementation of SMT and HFork20