Crypto veteran Arthur Hayes warns that Monad, a new layer-1 blockchain, could drop 99% due to VC hype. He predicts only a few protocols like BTC, ETH, SOL, and ZEC will survive. Monad raised $225M from Paradigm and launched with a MON token airdrop. MON token up 40% since launch.

Hayes remains bullish on crypto, citing monetary expansion driving growth. He dismisses the four-year Bitcoin cycle, attributing past booms to credit expansion. He believes Bitcoin serves as a financial system smoke alarm. Privacy tech and coins, like Zcash, are expected to dominate, with Ethereum seeing institutional adoption.

Hayes foresees privacy tech and privacy coins as the next crypto narrative, with Ethereum attracting institutional adoption. Zcash is now Hayes’ second-largest holding. Check out the magazine “2026: Pragmatic Privacy in Crypto” for more insights.

Read more at Cointelegraph: Arthur Hayes Warns Monad Could Crash 99% as ‘VC Coin’