Wu Blockchain (@WuBlockchain): Arthur Hayes: 99% of Altcoins Going to Zero Does Not Mean the End of the Industry
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Arthur Hayes: 99% of Altcoins Going to Zero Does Not Mean the End of the Industry On May 5, 2026, during a CoinDesk interview at Consensus, BitMEX co-founder Arthur Hayes @CryptoHayes stated that altcoins will never die despite institutional adoption. He believes that while 99% of altcoins will go to zero, this mirrors the stock market: over a long period since 1929, about 98% of S&P 500 companies have also gone to zero, making most stocks shitcoins as well. He expressed that 24/7 crypto trading merely compresses this cycle, and it remains a good model for raising capital and innovation.