Hayes Predicts Most Altcoins Won’t Recover as Market Lacks Product-Market Fit

Description

Hayes warns most altcoins won’t recover due to a lack of product-market fit. BitMEX founder sees Ethereum as a potential outperformer despite the current negative sentiment. High-FDV venture capital-backed tokens risk collapse without sustainable revenue models. BitMEX co-founder Arthur Hayes has warned of a grim future for the altcoin market, stating that “most of them are probably not going to go up in price again” due to fundamental structural problems plaguing the space. In a recent podcast ...