once that is in place then that is where we will start seeing an influx of institutional money hitting the space.

I totally agree. That's why some of the 'big Wall Street players' are buying into and supporting BTC in grand form. They KNOW that in a few years tax laws and regulations will be in legal writ, protecting their assets.

BTC will be a competitor of fiat; but, without regulations, smh...it's going to be tough to sustain long-term which is prolly why most promote it as a HODL-type investment.

That said, STEEM will be a good promo-tool for the asset; thus, will gain in value on a less momentous, but still, stable form of 'investment'. Of course, this is jmho!

Peace.