I think you may be correct about Bitcoin, and STEEM heading lower. Bellow $1 is a possibility, but will see the SBD/STEEM debt ratio head a fair bit above 5% if SBD manages to hold the peg. I suppose SBD conversion would need to be enabled again for this to happen? The bonus is of course seeing rewards being paid in a portion of liquid STEEM, and possibly no SBD soon. It will add utility value to STEEM and hopefully encourage users to transact in STEEM more, and eventually leave SBD behind as a secondary token on the platform, as it is meant to be.