- Arthur Hayes believes that 99% of altcoins could lose value, but he considers this a normal market cleansing.
- He compared weak tokens to failed stocks, noting that the market always replaces old assets with new ones.
Arthur Hayes told attendees of the Consensus Miami 2026 conference that most altcoins weren’t created with the long term in mind. Consequently, 99% of them could lose value, but that’s not a death sentence for cryptocurrencies.
Hayes called this phenomenon a “natural phenomenon of market life” and compared it to the massive crashes in the S&P 500 index, which has been around for years. Since 1929, the US stock market has destroyed countless companies, yet people still take stocks seriously.
“I don’t remember who cited this statistic, something about the S&P 500 index. If you look at the numbers, it seems like since 1929, about 98% of all companies in the S&P 500 index have gone bankrupt. And if you look at the statistics, it seems like since 1929, about 98% of all companies in the S&P 500 index have gone bankrupt, right? If you look at the stock market, for example, in the US, where the world’s largest capital markets are located, you can see that most stocks are ‘shitcoins’ in the long term,” he said.
Hayes predicts that the cryptocurrency crash will be more rapid simply because tokens are traded throughout the day and week, with less oversight and far greater chaos. He also linked this to capital formation. According to the expert, this model still allows people to raise money, test new products, and figure out what works and what doesn’t.
Редакция Happy Coin News earlier WroteHayes believes that Bitcoin’s price dynamics are independent of regulatory initiatives, including the Clarity Act. He believes the asset’s value lies in its ability to operate outside the regulatory framework.
Risk Warning:
The information on this website is for informational and educational purposes only and does not constitute investment advice or financial recommendations. Cryptocurrencies and digital assets carry a high level of risk, including possible loss of capital. The editors are not responsible for decisions made based on the published materials. It is recommended that you conduct your own research (DYOR) before making investment decisions. Read the editorial policy. https://happycoin.club/about/