Opinion: Anthropic's business model has an extreme asset-liability mismatch, and the endgame is company failure and acquisition.

BlockBeats news, November 6: Jeff Park, partner at ParaFi Capital and advisor to Bitwise and Solana, posted that Anthropic will face failure because its business model has an extreme asset-liability mismatch, requiring substantial equity support to maintain credit and massive non-cancelable computing power commitments.

Jeff Park cited the "confidence game" example from the crypto market, pointing out that if the IPO does not rise significantly, it will fall into a death spiral; the best outcome is to let the company fail and be acquired, or for the US government to join with other sovereign funds (such as UAE, Saudi Arabia) for an international bailout to restore confidence.