Analyst Ben Cowen from Into The Cryptoverse has issued a warning about potential market rotation affecting Bitcoin (BTC). According to reports from BeInCrypto, Cowen warns that Anthropic's IPO could drain attention from Bitcoin's ongoing price rally. The analyst points to Bitcoin's pullback ahead of SpaceX's June listing as a precedent, arguing a similar rotation into artificial intelligence stocks could repeat. Recent developments show the AI economy is self-contained with more than enough capital to build an entire economy inside itself, as noted by industry experts.
Anthropic, the AI company behind the Claude chatbot, confidentially filed IPO paperwork in June and is reportedly targeting a listing window as early as this fall. As reported by BeInCrypto, some estimates value the company near $2 trillion. Banks are pushing Anthropic and OpenAI toward investment grade credit ratings ahead of their IPOs, signaling how close Wall Street believes the listings are. The AI economy is now self-contained with more than enough capital to build an entire economy inside itself, according to industry experts, suggesting significant capital flow toward AI companies.
According to BeInCrypto data, Bitcoin traded near $76,966, down 1.73% over the past 24 hours. The cryptocurrency has broken through to near $83,000 since its August Rally, but has struggled to stay above the $80,000 level in recent weeks. Cowen's broader point emphasizes that momentum is finite, and if retail and institutional attention concentrates on AI listings this fall, Bitcoin could lose momentum that typically requires speculative interest.
As reported by BeInCrypto, Cowen made these comments in the same video where he tallies Bitcoin's bull and bear signals, including his $53,000 realized price warning. The analyst's concern centers on whether a rotation will occur, and if so, how close Anthropic's listing lands to Bitcoin's next price test will determine whether the momentum shift occurs. The timing of the potential IPO could significantly impact Bitcoin's ability to maintain its current rally trajectory, particularly given the self-contained nature of the AI economy that is attracting substantial capital flows.
