Arthur Hayes: 99% of Altcoins Will Likely Go to Zero

Odaily Planet Daily reported that Arthur Hayes stated at the Consensus Miami 2026 event that 99% of altcoins could go to zero, which represents a normal market cleansing. Since 1929, approximately 98% of companies in the S&P 500 index have gone to zero, and most stocks are also considered altcoins over the long term. Cryptocurrencies crash faster due to 24/7 trading and a lack of restrictions. He suggested viewing tokens as software; most software projects fail because they cannot acquire users, which is a normal business phenomenon.

The price and future value of Bitcoin depend on the total amount of fiat currency and the speed at which it is created, irrespective of politics or regulation. Bitcoin is currently trading at around $82,000, and its utility lies in allowing users to transfer value outside the traditional financial system. Centralized crypto companies seek regulation to protect their businesses, but this will not impact the validity of Bitcoin or cryptocurrencies.