Dear Investor,

Everyone's talking about the Anthropic IPO (Claude AI)…

$2 trillion. Bigger than SpaceX. Backed by Goldman Sachs, Morgan Stanley, and J.P. Morgan.

But before you get swept up in the hype, here are three numbers nobody's mentioning.

Anthropic's revenue is projected to jump from $10 billion to over $100 billion this year… impressive, until you realize almost none of it is profit. Compute costs alone are eating billions.

Meanwhile, OpenAI just slashed prices on some models by 80%. One DeepSeek model reportedly runs 100x cheaper than Claude.

A $2 trillion valuation assumes near-perfect execution. Any stumble, and this stock could fall the way SpaceX did… down more than 50% after its own record IPO.

See why we think this historic IPO is a trap for retail (and what we recommend instead).

Here's the good news: the smart money's exit isn't the end of the opportunity… it's the start of a different one. When institutions rotate IPO profits elsewhere, we believe we've found where that capital lands next.

Full breakdown, for $3.

Discover the "rotation asset" we believe could skyrocket after the Anthropic (Claude) IPO.

Bryce Paul

P.S. IPOs like this rarely deliver for retail on day one. The real opportunity isn't the stock… it's knowing where the money goes after.

2382 Camino Vida Roble, Suite I Carlsbad, CA 92011, United States

The advice and strategies contained herein may not be suitable for your situation. You should consult with a professional where appropriate. Readers acknowledge that the authors are not engaging in the rendering of legal, financial, medical, or professional advice. The reader agrees that under no circumstances Boardwalk Flock, LLC is responsible for any losses, direct or indirect, which are incurred as a result of the use of the information contained within this, including, but not limited to, errors, omissions, or inaccuracies.

Results may not be typical and may vary from person to person. Making money trading digital currencies takes time and hard work. There are inherent risks involved with investing, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk.