In the final analysis, FTX’s involvement with Anthropic is less a story of brilliant foresight and more a sobering lesson in the unforgiving realities of bankruptcy amid hyper-growth technology sectors. The nearly $29 billion in unrealized gains that evaporated? It could have fundamentally rewritten the aftermath of one of cryptocurrency’s most dramatic collapses. Instead, it remains one of the starkest illustrations of opportunity forever lost.

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