The post Crypto Enters Its Most Explosive Phase appeared on BitcoinEthereumNews.com. AltcoinsBitcoin Arthur Hayes isn’t trying to predict the next hot token — he’s predicting which blockchains will still be alive when the hype cycles are over. Key Takeaways  Arthur Hayes expects most new layer-1s to suffer extreme declines due to high FDV and low circulating supply structures. He believes only Bitcoin, Ethereum, Solana and Zcash are positioned to remain relevant long-term. Despite the warning, Hayes is extremely bullish on the wider crypto market because he expects massive global liquidity expansion. In his latest appearance on Altcoin Daily, the former BitMEX CEO drew a clear line between projects that exist to survive market cycles and those that exist to thrive only during them. Hayes said the crypto market is entering a phase where liquidity expansion — not halvings, not hype — will dictate growth. He expects governments to unleash large capital injections ahead of political campaigns, especially in the United States. In that type of environment, he believes crypto “goes vertical,” but with a catch: the strong get stronger while speculative experiments collapse even faster. Who Hayes Thinks Actually Survives Pressed to name networks he believes will remain relevant after the bull run ends, Hayes didn’t hesitate. His list was remarkably short: Bitcoin, Ethereum, Solana and Zcash. He said every other layer-1 should be treated as “an experiment first, an investment second.” His personal allocation mirrors that belief. Hayes recently confirmed that Zcash is the second-largest holding in his family office Maelstrom — only Bitcoin is bigger — reflecting his conviction that privacy-focused technology will become a central theme in digital finance. Why Monad Became a Flashpoint It was only after laying out his view of crypto’s long-term winners that Hayes turned to recently launched networks. He argued that the industry keeps repeating the same pattern: huge funding rounds, aggressive marketing,… The post Crypto Enters Its Most Explosive Phase appeared on BitcoinEthereumNews.com. AltcoinsBitcoin Arthur Hayes isn’t trying to predict the next hot token — he’s predicting which blockchains will still be alive when the hype cycles are over. Key Takeaways  Arthur Hayes expects most new layer-1s to suffer extreme declines due to high FDV and low circulating supply structures. He believes only Bitcoin, Ethereum, Solana and Zcash are positioned to remain relevant long-term. Despite the warning, Hayes is extremely bullish on the wider crypto market because he expects massive global liquidity expansion. In his latest appearance on Altcoin Daily, the former BitMEX CEO drew a clear line between projects that exist to survive market cycles and those that exist to thrive only during them. Hayes said the crypto market is entering a phase where liquidity expansion — not halvings, not hype — will dictate growth. He expects governments to unleash large capital injections ahead of political campaigns, especially in the United States. In that type of environment, he believes crypto “goes vertical,” but with a catch: the strong get stronger while speculative experiments collapse even faster. Who Hayes Thinks Actually Survives Pressed to name networks he believes will remain relevant after the bull run ends, Hayes didn’t hesitate. His list was remarkably short: Bitcoin, Ethereum, Solana and Zcash. He said every other layer-1 should be treated as “an experiment first, an investment second.” His personal allocation mirrors that belief. Hayes recently confirmed that Zcash is the second-largest holding in his family office Maelstrom — only Bitcoin is bigger — reflecting his conviction that privacy-focused technology will become a central theme in digital finance. Why Monad Became a Flashpoint It was only after laying out his view of crypto’s long-term winners that Hayes turned to recently launched networks. He argued that the industry keeps repeating the same pattern: huge funding rounds, aggressive marketing,…