In my unpopular opinion the high interest on HBD is putting a tremendous downward pressure on both HIVE and the alt coins on HIVE-Engine.

The system guarantees the price of HBD with HIVE.

Stats show that their is just under $5 million HBD in savings.

5 * 20% = 1. We are on track to paying 1 million HBD in 2023.

Historically most HBD has been converted into HIVE.

Converting 1 million HBD into HIVE at 0.25 produces 4 million HIVE.

To cover the interest for next year, we need to sell the public on buying 4 million HIVE.

People are risk adverse. Smart investors are unlikely to buy HIVE when they learn that the system is using the market value of HIVE to guarantee a 5 million dollar loan at 20% interest.

It is likely that the math will get even worse in 2023.

Personally, I think that the 20% interest is the primary reason that HIVE has been falling at a rate higher than BTC.

I hope the witnesses lower the rate.

!PIZZA