He is right and that is why the calls for bitcoin's death are pre-mature...that is the only animal that has the liquidity Wall Street requires for large scale investment. People who are dropping $100M arent going into a market which will not allow them to get their money out easily.

STEEM isnt the place for high net worth individuals..yet.

Too much of it is tied up in SP (which is good for the long term pricing) which makes it really unattractive. There are only about 60 million tokens available for sale....that is not a lot.

At this point, I think the tokens will be swallowed up by smaller players...once it start to get near the $100 range, then you are looking at the market size the buyers you mentioned are seeking.