Oh yes, really. Everything has an end.
Also an anchor chain. Actually, it has two - on one end the anchor is mounted while the other is attached to the chain locker under the windlass, so it cannot be lost overboard by accident.
But the chain is not directly connected to the ship - as an intermediary between the chain box and chain sits a piece of rope. The famous 'bitter end' which has given rise to talk about ways to keep up / fight / lock / hang in until the bitter end - in the sense to keep going, until all possibilities are exhausted and there is no more to do.
Our bitter end with stainless steel shackles
The advantage of a bitter end is that it is a lot easier to cut / chop than the chain if we were to get a situation where we have to let go the anchor in a hurry. The end is made long enough that it will reach the deck, so we do not need to first open down to the chain locker. We obviously hope that we never get there, where we must cut the bitter end. But it is good to know that it is there.
The bitter end attached to the chain locker (before loading the chain)
Apologies for my "improvements" to the Google translation from Danish