It's interesting that volumes and site traffic are down. I do agree that there is mass capitulation going on. Various experts have talked about the pattern of adoption that we would see with cryptos where we would go from roughly 1-2% global participation to around 11-13% (depending on whose specific numbers you use) during the early adopters phase. I think that this phase is underway but there was a brief euphoria where it seemed like everyone was talking about cryptos and that much more than 11-13% would be getting involved. It was even coming up as dinner table conversations among the senior citizen crowd. We're probably settling back into a norm now where we are actually in the early stages of the early adoption portion of the cycle and not yet approaching the early majority stage.

Cryptos exist largely because of the need that was presented by the inherent and incurable flaws in fiat currency and central banking. Those flaws have not gone away and the cryptos only seem to continue to improve. Once there is some consolidation in terms of which ones are going to be treated as actual mainstream currency and which will either fail or remain niche tokens, we will then be poised for the majority adoption.