At the current cap there can only be 300,000 accounts that hodl 1,000 Steem, and that's if all the whales sold.

And that’s at a time when we have only 1.2 million accounts.

Steem’s inflation rate is falling. Ten years from now, there will only be twice as many Steem as now. How much faster will the number of accounts grow? Crunch the numbers a bit and it quickly becomes evident that Steem could become much more difficult to obtain in the future.