I disagree with this thesis although steem it currently highly valuable the truth is that crypto is in a deep bear market which will take many more months to fold out. The damage has been done and it might take years to get optimism to levels we were seeing earlier this year. Optimistically with faith turning back into crypto I'm sure Steem could easily rally 4x within 1.5 years and maybe 10x in three. To much damage has been done to make such a bullish call in such a short time frame. Money has moved elsewhere and note that more time = more competition.