Steem is trading at $2.75. I personally believe it is worth more. Obviously, the market is correct. I am in suspense as to when the price will jump and what event will trigger the change.
Potential for change is certain. For the present, we are trading in a range.
The unknown factor is the power of existing systems to manage the world’s fiat currencies. How far can these systems kick the fiat can down the road? The yield curve in the bond market may be the key. Central banks around the world are marching in step to prop up stock markets. I believe these efforts are nearing failure.
Perhaps stock market losses will send loads of cash into crypto currencies. For me, the ‘any day now’ feeling about outrageous stock prices adds to the suspense.
When the trap snaps, I doubt if the average person will have any opportunity to escape. Everyone connected with large investment funds will suffer unrecoverable losses. Government will be unable to help when confidence is lost.
I am hoping for an extended period of suspense.
Here is today’s beauty.
