Arthur Hayes: 99% of altcoins may go to zero
According to Odaily, Arthur Hayes stated at the Consensus Miami 2026 event that 99% of altcoins may drop to zero, which is a normal market cleansing process. Since 1929, about 98% of companies in the S&P 500 index have gone to zero, and most stocks in the long run are also equivalent to altcoins. The collapse of cryptocurrencies is faster because they trade around the clock and lack restrictions. He suggested viewing tokens as software, and the fact that most software projects fail due to not acquiring users is a normal business outcome.
The price and future value of Bitcoin depend on the total amount of fiat currency and the speed at which fiat is created, unrelated to politics or regulation. Currently, the Bitcoin trading price is about $82,000, and its utility lies in allowing users to transfer value outside of the traditional financial system. Centralized crypto companies seek regulation to protect their business, but this does not affect the effectiveness of Bitcoin or cryptocurrency.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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