That's what I have been thinking too. However, speculation in itself is not a reason to buy anything, if there isn't some other factor to set a value in the first place. It's kind of a secondary reason - not sufficient in itself. That would leave influence as the primary factor in establishing any value, while speculation will push air into the bubble.

This is more like a bubble than bitshares, isn't it? In bitshares you must own BTS to make use of the platform, which gives BTS an intrinsic value. STEEM lacks this.