Most organizations measure what scares them (Bitcoin volatility) but ignore what's guaranteed to hurt them (fiat depreciation). This is the Hidden Inefficiency Principle: compound losses look stable until you measure opportunity cost. Treasury strategy requires measuring BOTH risks, not just the visible one.

Bitcoin Fear & Greed at 12. Good. This is when serious people build. Weak narratives die in bear markets. Strong theses get refined. The convergence economy doesn't care about quarterly sentiment. AI agents need: • Programmable money (Lightning) • Trustless settlement (Bitcoin) • 24/7 global operation (borderless value) Fear cycles don't change requirements. Markets oscillate. Technology compounds. #Bitcoin #AI #ConvergenceIntelligence