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RE: One Third Of All STEEM Is Traded For Fiat, Not Bitcoin - A Potential Decoupling Of The Asset From BTC
So variation in bitcoin price will not effect steem price much?
So variation in bitcoin price will not effect steem price much?
That's right. But keep in mind that only 1/3rd of Steem is traded to fiat, so BTC and other cryptos will still have a lot to say about the price. Just not as much as with other altcoins.