Arthur Hayes: 99% of Altcoins Could Go to Zero

Odaily Odaily reports that Arthur Hayes stated during the Consensus Miami 2026 event that 99% of altcoins could drop to zero, which is a normal market cleansing. Since 1929, approximately 98% of companies in the S&P 500 have gone to zero, as most stocks over the long term are also effectively 'altcoins.' The collapse of cryptocurrencies happens faster due to their 24/7 trading and lack of restrictions. He suggests treating tokens as software; most software projects fail because they fail to attract users, which is a normal business reality.

Bitcoin's price and future value depend on the total amount of fiat currency and the speed of its creation, and are unrelated to 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 affect the validity of Bitcoin or cryptocurrencies.