Thanks for the news on SBD. Personally I'm more bullish on SBD for the short term. I heard that SBD debt instrument is designed in a way that the debt level doesn't exceed 10% of the STEEM supply. If I'm thinking this correctly the cap on SBD supply is 10% of the total value of the STEEM market cap.

So even with higher inflation, SBD has a lot of space to grow. SMTs would end up creating more demand for STEEM for bandwidth requirements. That's the only way I see tables turning around.

As for BTC I'm still hoping for a long sideways correction for few weeks (hopefully).