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RE: Poll: Does Steemit Content Influence the Price of Steem?
Yes, but it could be a weak link. Many authors write lots of great content - many new people start investing into steemit and buying up a lot of steem. Another scenario could be authors and curators make a lot of money with upvoting all these posts but decide to pull out all Steemdollars and steem they receive immediately and the steem price falls.....But as I said it is a weak link.
Ah, but buying Steem is not the same as using Steemit, right? It may be just for trading currencies - whether for market profit or obfuscating illegal activities.
Undeniably, the more popular Steemit becomes, the more confidence there will be in Steem. Although, if I have to bet my money on a currency right now, it would be some anonymous coin.