BitMEX co-founder Arthur Hayes attended Conference 2026, and said, "99% of altcoins could see their value drop to zero. However, this phenomenon is similar to the historical fluctuations of S&P 500 stocks and does not signify the end of the altcoin industry." According to BlockBeats, he added, "Approximately 98% of S&P 500 companies have exited the market since 1929. Market purification is part of a normal process," and "The altcoin ecosystem will continue to exist and evolve in the future."
