Altcoins Aren’t Going Anywhere — Even After Brutal Crashes: Arthur Hayes
Privacy considerations tied to synthetic intelligence could also be one of many strongest instances but for proudly owning sure altcoins or cryptocurrencies. That was one argument Arthur Hayes made at Consensus 2026, the place the BitMEX co-founder laid out a broad protection of the altcoin market and named the particular tokens he’s betting on.
Hayes Sees AI Surveillance Driving Demand For Privacy Coins
Hayes stated governments, main tech corporations, and AI programs have gotten more and more efficient at monitoring blockchain exercise.
As these instruments develop extra highly effective, he argued, extra folks will need monetary instruments that defend their transactions from outdoors eyes.
Zcash, a cryptocurrency constructed round transaction privateness, was singled out as one which stands to learn. “There is a job for personal money on the web,” Hayes stated.
The remarks got here throughout a broader dialog about the way forward for various cryptocurrencies — belongings which have repeatedly confronted waves of skepticism, particularly after sharp market downturns.
Hayes pushed again towards the concept that institutional cash and tighter regulation will wipe out a lot of the market. His place was easy: altcoins will maintain coming, and a few will generate actual, lasting worth.
Arthur Hayes says altcoins won’t ever die…
Respectfully…
Some of them completely must
There are 10 million+ tokens preventing for a similar liquidity.
At some level the market has to cease funding:
AI Inu Elon Pepe GPT 4.0The subsequent alt season received’t save every thing.… pic.twitter.com/pkx2C3jtt9
— MANDO CT
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(@XMaximist) May 6, 2026
Hyperliquid Tops His List Of Altcoin Bets
Of all of the tokens Hayes mentioned, Hyperliquid drew essentially the most detailed consideration. He described decentralized buying and selling platforms as among the many most constantly worthwhile fashions in crypto historical past, pointing to the wealth they’ve created for early contributors.
Hyperliquid, in his view, represents the following step in that lineage — combining quick infrastructure with a token construction he finds genuinely engaging.
One function Hayes highlighted: roughly 97% of the platform’s protocol income flows again to token holders by way of buybacks. He additionally identified that no portion of the token provide was put aside for enterprise capital buyers — an association that distinguishes it from many different tasks.
The Stock Market Parallel Underpins His Case For Altcoins
Hayes in contrast the altcoin area to the broader inventory market, the place most corporations finally fail however a handful go on to supply outsized returns.
Tokens, he stated, needs to be considered like software program startups — high failure price, however value collaborating in due to what the winners can ship.
Based on stories from the occasion, Hayes framed crypto markets as environment friendly environments for experimentation and capital formation, the place new concepts could be examined and funded outdoors conventional monetary programs.
Featured picture from MetaAI, chart from TradingView


(@XMaximist)