AI is driving the marginal cost of intelligence toward zero. When something becomes easier to produce, it becomes cheaper. When it becomes cheaper, it becomes weaker as a store of value. That is how efficiency works. Bitcoin does the opposite. More intelligence does not produce more Bitcoin. More machines do not expand supply. The protocol adjusts. Difficulty rises. Issuance does not. Efficiency increases competition, not output. In a world obsessed with optimization, Bitcoin refuses to be optimized. And that is the only reason it remains scarce in an age that is making everything else abundant.