BlockBeats News, May 5th, Arthur Hayes stated at Consensus 2026 that although "99% of altcoins may go to zero," this phenomenon is similar to the historical turnover of S&P 500 components and does not mean the end of the industry.
Hayes pointed out that around 98% of S&P 500 companies have been eliminated since 1929, and market cleansing is part of a normal cycle. The altcoin ecosystem will continue to exist and evolve.
Disclaimer: The current content is sourced from third-party perspectives or directly translated by AI from third-party perspectives. CoinEx does not guarantee the authenticity, accuracy, and originality of the content, and it does not constitute any investment advice from CoinEx. The prices of cryptocurrencies are highly volatile, please be aware of the potential risks.
- CoinsPrice24H Change