Arthur Hayes says altcoins will not disappear but will continue to evolve

BitMEX co-founder Arthur Hayes stated at Conference 2026 that while 99% of altcoins could see their value drop to zero, this does not signal the end of the industry. According to BlockBeats, he compared the situation to the historical turnover of S&P 500 companies, noting that about 98% of firms in the index since 1929 have been delisted. Hayes described such market purges as a normal process, adding that the altcoin ecosystem will continue to exist and evolve.