Convergence: The Key To STEEM's Massive Explosion In The Near Future: Part 2

This is second part in a multi-part series on the emergence of STEEM and how we are all going to doing exceptionally well.

Major technological innovations do not happen in a vacuum. Instead, they are the result of years of research in many different fields which all came together at one time. It is almost as if everything magically lined up at that moment in history. Often, some will attribute it to luck but it is far from it. This convergence of breakthroughs is what makes revolutionary ideas happen in technology.

The latest example of this was the smart phone. Steve Jobs and his crew did not suddenly create the IPhone in Apple labs. On the contrary, there were millions of advancements which all emerged to make it possible for the IPhone to be created. Consider the need for faster networks. The IPhone was not useful in the early 1990s. Processing power needed to be increased over the course of decades. Battery life was expanded. Screen resolution was improved. The Internet needed to evolve over the course of a decade and a half. In short, there were many advancements which enabled the IPhone to exist which all appeared to come together at the right time.

Part 1 can be read here:

https://steemit.com/steem/@taskmaster4450/convergence-the-key-to-steem-s-massive-explosion-in-the-near-future-part-1

On Sunday, I looked on coinmarketcap.com just before the futures opened to see what the total market cap on cryptocurrences was. There was a pullback to the $360B level. As I type these words, the market cap is now closing in on 1/2 a trillion dollars. That is a gain of roughly $140B in less than 48 hours.

The stampede is not coming, it is here.

Wall Street is firmly on board with cryptocurrencies. Throughout this year, we heard stories of hedge funds opening up that were designed to invest in cryptocurrencies. While Bitcoin received most of the attention, these funds are going to invest in many different currencies. The flow of money into this sector means that almost "all boats will rise". 2018 is going to see the market cap grow to at least $2 trillion. That is how powerful Wall Street is.

I repeatedly stated that Wall Street does not care about atomic swaps, block size, hash rates, or transmission speeds. Wall Street talks about liquidity and ROI. That is what gets the 7 figure checks out of clients. It is prudent to remember the best mouse trap does not win; it is the best funded. Bitcoin will still receive a lot of investment in 2018.

That said, this influx of money is very good for STEEM. As I wrote a couple weeks back, STEEM is not well known. Few are aware of its existence and even less know what it does. For the better part of the year, the steem blockchain flew under the radar. It started off as a top 10 token in January only to slip into the 30s. While this is a backwards progression, the blockchain did anything but regress. Substantial progress was made throughout the year leading up to being on the edge of the explosion I am describing in this posts.

Wall Street loves a good story. Like any good story, there needs to be a protagonist and an antagonist. This is what the money manager can push. STEEM has that. This is the blockchain that is going to revolutionize social media. It is the Facebook of the future. These are some of the pitches that hedge fund managers can use. While STEEM is not on anyone's radar at the moment, that will not be the case by the Spring. Hundreds of billions of dollars are flowing in and all of it is looking for a place to go.

Do you remember the frenzy around the Snap IPO? Wall Street was gaga over that stock. It was delayed in coming out and immediately took off. On the first day, it almost double the initial IPO price. What got Wall Street so excited? The fact that many thought it would be a competitor, if not a replacement, for Facebook. One thing about the financial industry, while it will invest in a company and profits off it, it will simultaneously be looking to replace it. Facebook is the big fish but everyone wants the next Facebook. Snap was promoted as that. It did not pan out. STEEM will be thought of in the same light. This is how Wall Street thinks.

But what about those without money?

Now we are at the other end of the spectrum: the 97%. What about the people who have no disposable income and cannot afford to invest in cryptocurrencies?

Once again, we see STEEM emerging as the ideal solution. At present, STEEM is one of only a handful of tokens that one does not have to buy. BTC, LTC, ETH, and the rest require someone to come to the plate with fiat. Those without fiat are not able to take advantage of the massive growth taking place within this sector. In this regard, we are seeing a repeat of the equity markets; if you have money to invest, you can participate.

STEEM is changing that. People are signing up everyday without a single dime and earning cryptocurrency. It costs nothing to get on the STEEM blockchain yet you can share immediately in the reward pool. In fact, STEEM not only is free to participate, steemit actually gives each person a small amount of STEEM to start. In other words,STEEM pays people to paticipate.

In Part 1 of this series, I mentioned that the Bitcoin exposure is starting to alert the mainstream about cryptocurrencies. As more people hearing more about it, there will have to be an avenue which these people can pursue it. So what are the options? Buy bitcoin is one and many will do that. However, for those without money, the answer join the steem blockchain is a better answer. The Proof-of-Brain concept enables these individuals to enter the cryptocurrency world by doing what they are presently doing on other social media sites.

Big money players will love STEEM because it is a blockchain that has a lot of activity on it, is a good story, and can be promoted as the "Next Facebook". Compared to some of the better known tokens, STEEM is under valued (a deal) which is something Wall Street always seeks to find. At the same time, people without money can be compensated in STEEM by simply posting, commenting, and upvoting. This enables them to share in the wealth creation that will take place over the next few years, something that does not happen in the equities markets.

Rich or poor or anywhere in between, STEEM offers something for each. The massive growth of this blockchain is going to reward anyone holding STEEM. The difference is how people acquire it. Unlike other tokens, the advantage to STEEM is that everyone can participate and get STEEM in their wallet.

It truly is an inclusive token.

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Pictures by google images.