Some good insights here, thank you for sharing.

I would surmise that Steems value behaves some what similarly to other safe haven assets. Much like how financial uncertainty in macro economy leads to rushes in things like Gold in the past (and Bitcoin now), any kind of relative negative performance of social media sites and their ability to build a strong monetization system will send many of those content creators to Steemit.

Of course a lot of these systems are more interlinked than we might think, and of course, it is also a matter of crypto becoming more mainstream helping the push. We've already seen some real money come into crypto recently, and I suspect that it is still very early days in the long run both for crypto and steemit!