The prices last December were bubble-tastic. I know one person who managed to cash out some bitcoin at $16,000, but most just held thinking it would go higher.
My feeling is that the whole crypto market is going to go sideways for a bit, and then when the halvening approaches, bitcoin will lift and will raise the whole market including steem. It's a question of patience and accumulating as much as you can in the meanwhile.
But I want the bubble now!!
Yeah, it will take some time as they set up the infra for institutional money to really enter in.