Crypto and Coinbase Are Circling Anthropic's $800B AI Hype Train — Should You Buy the Ticket?
Reddit and X are buzzing about crypto's unlikely new obsession: AI model access and what it signals for ETH and COIN
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Here's a sentence you didn't expect to read today: $COIN and other crypto firms are reportedly seeking access to Anthropic's new 'Mythos' AI model, which just doubled its valuation to ~$800 billion in roughly two months. Per CNBC's Squawk Pod, the AI and crypto worlds are colliding in ways that have Reddit's r/CryptoCurrency genuinely confused about whether to be bullish or terrified.
On-chain sentiment trackers are picking up a broader rotation narrative: Bitcoin ($BTC) is holding steady as macro risk-appetite improves — the S&P briefly topped 7,000 on Iran ceasefire extension news — while Ethereum ($ETH) is quietly catching tailwinds from the AI-infrastructure convergence story. If crypto companies are buying into AI compute at $800B valuations, they're betting that the next cycle is infrastructure, not speculation.
The real tell? When shoe companies rebrand as GPU farms and crypto firms chase AI model access, we're either at the beginning of something transformative — or deep inside the most expensive group chat ever assembled.