Summary
- Arthur Hayes said 99%% of altcoins could go to zero while still pointing to their ability to survive through structural change.
- He said this mirrors the long-term turnover of S&P 500 companies and emphasized that market cleansing is a natural process.
- Markets are focused on altcoin restructuring, surviving projects, whether capital will concentrate in them, and the selection process and fund flows as key variables.
Forecast Trend Report by Period
Arthur Hayes, co-founder of BitMEX, said the altcoin market will endure despite structural changes.
CoinDesk reported on May 5 that Hayes told the Consensus 2026 conference that “99% of altcoins could go to zero.”
He compared that to the long-term turnover of companies in the S&P 500.
Since 1929, about 98% of S&P 500 companies have been pushed out of the market, and such market cleansing is a natural process, he said.
The altcoin ecosystem will not disappear, he added, but will continue to exist and evolve.
Markets are watching whether a restructuring of the altcoin sector will concentrate capital in projects that survive. The market’s selection process and the flow of funds are emerging as key variables.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
