The value of bitcoin would never go higher than a dollar if the bitcoin developers held back enough bitcoin to match the amount of US dollars in circulation with the promise to swap 1 bitcoin for 4 quarters.
look, not all supply of STRAKS is nominated 4:1 to SIGT, only part of it. So yes, there will be some pressure in market from current SIGT owners, but bigger part of STRAKS will come from hard mining, and value will be nos just 4:1 to SIGT .
Edit: I mean long term, not first weeks after swap.