Arthur Hayes: 'Alitcoins Will Never Die'
summary
Claim asserts all coins will never die while also arguing 99% go to zero, framing altcoins as a high-churn asset class analogous to stocks. Cites a historical S&P 500 stat — 98% since 1929 — to show most large‑cap companies eventually vanish, and uses that comparison to normalize widespread token failures. Presented at Consensus 2026 (presented by MoonPay), the point is empirical framing rather than technical tooling or a product demo.
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