Benjamin Cowen Warns Antropic IPO Could Halt Bitcoin's Bull Run

Cryptocurrency analyst Benjamin Cowen warned that Bitcoin's (BTC) recent price surge could slow if investors shift focus to AI-related stocks before Antropic's impending U.S. stock market listing. Speaking on his YouTube channel, Cowen noted that Antropic's IPO is likely to occur within one or two months and cited SpaceX's pre-IPO period as a precedent where investor attention moved toward AI stocks, causing Bitcoin to decline. He added that similar capital shifts could happen this fall.

Antropic submitted its confidential IPO filing in June and is reportedly planning an autumn listing with an estimated valuation of around $2 trillion.