Except that steem never had an ICO (same as Bitcoin) so it was never issued at any price (same as Bitcoin). Furthermore Steem (the blockchain) was never near bankruptcy.

Steemit Inc the organization that developes the code was low on funds last year but that is no longer an issue and the layoffs did not stop them from delivering new code e,g. two hard forks, MIRA and Hivemind. Plus the SMT code is already delivered and is in the process of testing by the community and the block producers.

Do not confuse steem with steemit...they are not the same.

Adoption is everything the price comes after that but if you believe otherwise I respect you POV. I am not a steem maximalist but I see the limitations that BTC has (scaling issues, long blocktimes, fees for every transaction). Of course bitcoin is better than the banking system and it has a head start compared to other coins but if it doesn't evolve it will be surpassed by other chains down the line or just remain a niche coin for store of value.

In the grand scheme of things the size of the whole crypto market is kind of pathetic if you compare it to the fiat financial system so discussing which coin is better at this stage is kind of meh.