X @Wu Blockchain

Arthur Hayes: “99% of Altcoins Could Go to Zero” as Market Clears ExcessAt Consensus Miami 2026, BitMEX co-founder Arthur Hayes said 99% of “shitcoins” could eventually go to zero, framing it as a normal market-clearing process rather than an end to crypto. He compared it to the S&P 500’s long-term turnover since 1929, arguing that industries evolve through constant replacement and that the altcoin ecosystem will continue to exist and develop. ...