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RE: YouTube will dominate steemit.
The entry level in terms of cryptocurrencies might still put a good portion off from ever entering - though Steemit could most definitely also be a good way in for many newcomers. If we have large YouTube channels enter the scene we would moreover experience a surge of new users - and thus an increase in content created, comments and upvotes. I can only think of this as a good thing, really!
Right! In addition to your points, we can also predict that with all of these people coming into steem and earning funds, they'll want to trade out into Bitcoin. Being invested in Bitcoin myself, these newcomers who were able to bypass the challenges of entry will rally the price and increase innovation.
Steem Power was the first thing I've traded Bitcoin for. Ever. When the Bitcoin crowd figures this out the stampede will be something to watch.
Are you suggesting that current Bitcoin investors and speculators will shift to steem power?
Good investors will recognize the opportunity in the Steemit platform very quickly, and the best way for an investor to invest is by converting Bitcoins to Steem Power. Crypto investors are starved for yield and exhausted by volatility. I have been trading crypto markets for four years, give or take, and am more than ready to sit back and collect dividends/interest/yield. Steem Power provides this opportunity, along with massive upside potential. So yes, I think a lot of Bitcoin is going to be traded for Steem Power in the coming months.