According to Cryptopolitan, Arthur Hayes said at Consensus Miami 2026 on May 9 that 99% of altcoins will eventually go to zero, a normal market cleanup process. He compared weak tokens to failed stocks, noting that approximately 98% of companies in the S&P 500 since 1929 have gone to zero. Hayes emphasized that crypto market collapses happen faster due to 24/7 trading, fewer restrictions, and greater chaos. He added that markets will replace old bets with new ones, and since most software projects fail, token failures are not a death sentence for crypto.
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