It is possible for SBD to be pushed higher if it is bought on exchanges outside the internal exchange since either fiat or other crypto is used. On the internal exchange, we swap SBD for steem. Outside, people can accumulate SBD for other currencies and hold.
It is not uncommon to see people speculate on debt instruments with some of them getting outrageously priced.
If Tether does collapse, and SBD is the chosen replacement, then I foresee the price exploding. Supply and demand dictates that with 3.6 million outstanding, there arent enough to satisfy everyone's demands. Sure it is redeemable for only a dollar, if it returns that low. But financial instruments often trade above their face value or par.
Great article @jerrybanfield. I was not aware of the tether situation, thank you for researching that.
@taskmaster I guess this is dual confirmation why buying 100% steem may not be the wisest move. The SP is the bush...the SBD is the hand...bird in the bush/2 in the hand.
Peace.
Yes I am 50/50 with taking half of the SBD I get and putting them into SP...holding the others.
So it is 25/75 ultimately.
...truly reminding me of the bird in the hand beats two in the bush theory...
Peace.