Part of hitting $50 price is the number of invested users. Many people don't invest in STEEM but use Steemit. When they realize that the quantity of their crypto asset can go up 25% then they will invest. For instance, you can start with 100 STEEM and easily have 125 STEEM in a year. The price of STEEM can go up too just like it has in the last month and their crypto earnings go up even faster.
When more people realize that STEEM is the best business with respect of low overhead (laptop and an internet connection) and high returns, then STEEM will become a rare asset as most people will have the supply of STEEM locked away in the form of SP.
The key is to get more people using Steemit.
Wow, so you mean putting more people into the steemit community would help build the system? I guess i can't wait then..