Your analysis is a timely reminder to ponder about the state of the crypto market. Although Bitcoin is supposed to improve its performance with the Lightning Network, more commentators are stating that they do not see BTC as a transactional crypto and are excluding BTC as a currency option - Microsoft & recently Starbucks. We have also observed that when BTC had its bloodbath recently, Steem did not decline in sync. It's great that Steem is delinked from BTC price movements. With the improvement in the general market momentum, rising number of Steemit contributors and use of Steem, we should see a nice gradual price appreciation. Thank you for your analysis!