Arthur Hayes: 99% of Altcoins May 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 process. Since 1929, approximately 98% of companies in the S&P 500 have gone to zero; most stocks are also altcoins over the long term. Cryptocurrencies crash faster due to 24/7 trading and a lack of restrictions. He suggests viewing tokens as software, noting that most software projects fail because they cannot attract users, which is a business norm.

The price and future value of Bitcoin depend on the total amount of fiat currency and the speed of its creation, and have nothing to do with 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.