Yeah I did say a lot there in one paragraph. lol I think the key point though is sbd has high inflation. Our earnings are mainly in sbd so if sbd goes down to $1 that could hurt the value of steem as well. Hard to say what the future holds but I can definitely see sbd becoming the new global currency.
Right now people are powering down. If that ever mostly stops steem could be tough to get.
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Why are people powering down recently?
I think the main steemit account was powering down. I think they decided to stop now so the ratio might get closer to 1-1 again. :(