So, I sometimes hear that we at mid-2025, are still early in terms of adoption? But do we have any data points or well founded research to show potentially, where are we in terms of the adoption curve? Is it before the segment with near 45 degree slope in the curve?

And related, what is the impact of the adoption curve on the Fiat exchange rate? Michael Saylor has been saying that the exchange rate growth has been falling rapidly over the years and like 20x in two years is not gonna happen. But it seems the S curve, if we are early, actually picks up (rises faster) after the early adopter level.

So means the adoption curve does not correlate with the price chart? Again, I would be curious to see if there is any research or article around this. Not paranoia, not over-bullish but something objective and grounded in reality.