there will be 600 million steem @ 100 each would mean a market cap of 600 billion--
today facebook has $500 billion cap.
you must be very optimistic
edit .of course i mean 60 billion not 600.
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there will be 600 million steem @ 100 each would mean a market cap of 600 billion--
today facebook has $500 billion cap.
you must be very optimistic
edit .of course i mean 60 billion not 600.
Your math are wrong. 600M times 100 is 60 billion NOT 600.
Comparing facebook marketcap with steem marketcap is useless, you are comparing a stock with a currency. Steem could go well beyond 500 billion cap with a fraction of facebook userbase.
You are absolutely right! Stock and currency are two different things. Also, Facebook users are valuated by how much companies are willing to pay to show then ads, but Steemit users are valuated by a whole lot more . STEEM or SBD as a currency can take a significant slice of the money transfer market and demand from that alone can easily get it's market cap to tens of billions. Bitcoin has less real world usage and incentive to hold compared to STEEM with STEEM power. STEEM usage for content platform will also have inherent value which will add a couple more billions to the market cap... Not to mention that when people hold STEEM power, there is less liquid STEEM and with that, demand will drive prices high.
I think expecting Steem to rival Facebook isn't backed by data. But it could rival Reddit which could put it in the market cap of tens of billions which is maybe $20-30. Either way, it's going up I think.