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