In retrospect, the “clown show” dossier was put together ingeniously. First, the identity of the ultimate client (DNC/Clinton) was kept secret long enough for it not to ruin the show. Second, in Steele the Russians had someone with a modicum of respectability to gain access to American government and media; and, in the media and professional bureaucracy, they had an army of Trump-haters ready to believe anything.
For the Kremlin, it all meant the Holy Grail of a sorely wounded United States.