He thinks Steem is not cheap enough. Guess that means more of us should Power Up to make ourselves immune to the incoming massive coordinated dumping if people decide he's right.

When you hold Steem Power you don't have to worry about the dumps and when you hold Steem Dollars you don't have to worry about the dumps. On the other hand if the price of Steem isn't high enough then there wont be enough money to reward posts with anything meaningful in terms of Steem Dollars. So for sake of growth the market cap must grow or content producers will not produce as much high quality content.