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Arthur Hayes: 99% of Altcoins May Go to Zero, But Market Consolidation Is Normal Evolution

GateNews

2026-05-05 14:58:07

According to BlockBeats, Arthur Hayes stated today at Consensus 2026 that despite potential losses for 99% of altcoins, this market consolidation mirrors historical S&P 500 turnover—approximately 98% of companies have been replaced since 1929. Hayes emphasized that such cycles are normal and do not signal industry decline; the altcoin ecosystem will continue to evolve.

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