We have been in the same range since February—five months now.

We were due for volatility. Game theory at its finest.

It only took BlackRock from January to May to acquire the same number of bitcoins that MTGOX has.

This is what we mean by 'gradually, then suddenly.'

Adoption will continue; for example, Vanguard.

When they capitulate, which they will, do you not think they will do everything in their power to compete at that level?

Right now, Vanguard has the ability to surpass both BlackRock and Grayscale if they decide to compete.

Imagine that.

Then imagine also countries at play, S&P 500 companies, hedge funds, sovereign funds, etc., etc., etc.