Pretty interesting stuff to know. I didn't realize that most of the Hive that is created came from HBD. I keep on stacking them HBD, but that's just me. Fact is, this is the time to accumulate, the inflation will only go lower and lower!
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It is not always the case ... in the last two years more HIVE was removed by converting it to HBD. Its just this month.
HBD did perform very well doh, everything in crypto lost massively against the Dollar, 2-3x for the 'Blue Chips' at least and other even more. Additionally you gained 20% (at least, depending on your Claim behavior).
I could make a Stawman Case to sell all Hive into HBD all the time, at least until we see the markets coming back.