Crypto Insider Raises Concerns About Monad's Future

Monad, a new blockchain platform, is facing skepticism from crypto expert Arthur Hayes. He believes it could drop significantly in value, becoming just another failed venture capital-backed project.

Hayes, known for his work in the crypto industry, shared his thoughts on a recent podcast. He pointed out that Monad has a high fully diluted value (FDV) but a low circulating supply, which often leads to early price surges followed by sharp declines.

Hayes' Perspective on Layer-1 Blockchains

Hayes argued that many new layer-1 blockchains struggle to gain long-term traction. He named a few he thinks will survive, including:

• Bitcoin
• Ethereum
• Solana
• Zcash

Monad recently launched, distributing its MON token through an airdrop. Despite its promising start, Hayes remains cautious about its future.

Broader Crypto Market Insights

The expert also discussed the broader crypto market. He believes that renewed monetary policies, especially from the U.S., will drive the next bull run. Hayes dismissed the idea of a fixed four-year cycle for Bitcoin, suggesting that market booms are more influenced by global credit expansion.

Future Trends in Crypto

Looking ahead, Hayes predicted that privacy-focused technologies will gain more attention. He mentioned that zero-knowledge systems and privacy coins could lead the next wave of innovation. Institutional investors, he said, are likely to focus on Ethereum, particularly in stablecoins and tokenized finance.

Maelstrom's Investment in Zcash

Hayes' family office, Maelstrom, has increased its holdings in Zcash, making it the second-largest asset after Bitcoin. This move reflects his confidence in privacy coins and their potential growth.