4 high-upside altcoins to buy as ether hits $10,000 and bitcoin hits $100,000, according to the CEO of a financial-services firm who’s predicting these milestones

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Ether
Ether, the ethereum network’s native token, can surge to $10,000, the crypto bull Michael Sikorsky predicts.

  • Cryptocurrencies are “overly volatile” but not in a bubble, the head of Copia Wealth Studios said.
  • Blockchain technology is the key to Web 3, and altcoins will thrive in the coming revolution.
  • Here are four altcoins that the crypto bull Michael Sikorsky said could be good buys.
  • See more stories on Insider’s business page.

Cryptocurrencies have taken off in the past year as investors hoard digital assets while the dollar falls, weakened by waves of fiscal and monetary stimulus in response to the pandemic.

Many who have missed the big run in cryptos like bitcoin (BTC), ether (ETH), and several altcoins but are optimistic about their futures are counting on a pullback, as are crypto bears and skeptics.

But Michael Sikorsky, the founder and CEO of the financial-intelligence platform Copia Wealth Studios, is bursting the bubbles of those waiting for the crypto bubble to burst.

“I would say they’re overly volatile,” Sikorsky said. “That’s not the same thing as being in a bubble. People will say that because they think that they’re backed by nothing. It’s like there’s nothing underpinning their valuation, but I don’t believe that to be true.”

Unlike stocks, where shareholders are entitled to a share of that company’s future profits via dividend payments, cryptocurrencies don’t intrinsically generate material value, as Warren Buffett has noted. That doesn’t mean they don’t have value – it’s just much harder to pinpoint.

There are two main groups of people buying cryptocurrencies right now, Sikorski said: those entranced by the idea of getting rich quickly and those who understand cryptos and believe in their uses. Sikorsky said he belongs to the latter category.

“We care more about the platforms,” Sikorsky said. “So if you go back and you look at the altcoins that we buy, we allocate probably 10 times more capital when it’s a blockchain that can be programmed.” He continued, “Anywhere that other people can build apps and there’s a platform opportunity, that’s the real value.”

Cryptos run on blockchains, which are public ledgers that record all interactions on a network. The technology allows for transparent and independent verification of payment transactions without a central authority like a government overseeing and regulating the action.

Blockchains will be the backbone of the next iteration of the internet, Sikorsky said, which proponents call “Web 3.” That’s why William Noble, the chief technical analyst at crypto-data firm Token Metrics, called altcoins “the future of technology” in a recent interview with Insider.

“Look at the blockchain, look at ethereum, look at solana (SOL), look at all the apps getting created on top of that,” Sikorsky said. “It’s like burgeoning Web 3.0. That’s kind of like saying if you go back to the dot-com bubble, there was a lot of really, really crap things that happened, but there’s also the beginning of what actually changed the economy.”

Bitcoin and ether are safer bets than most altcoins

Many altcoins “will wash out,” Sikorsky warned, adding that crypto bulls must be careful and know what they own. He noted that the biggest coins should be safe no matter what in the long term.

“Bitcoin and ethereum, you don’t have to be so conscientious,” Sikorsky said. “You can just index those. The altcoins? You should be a conscientious investor.”

Sikorsky isn’t the only one keeping a close eye on altcoins. Nikolaos Panigirtzoglou, a global market strategist at JPMorgan, recently warned clients that the run-up in altcoins over the past few months could predicate a sudden crash.

Sikorsky has steadily maintained ambitious price targets of $100,000 and $10,000, respectively, for bitcoin and ether – ethereum’s native token – by “no later” than the second half of 2023. He said that he’d be more confident if he had a crystal ball, but added that there’s plenty of reason for optimism.

“The supply-of-wallets curve and then the supply-of-coins curve – it automatically makes a pressure to raise the price,” Sikorsky said. “Wallet expansion is growing exponential, and the coin supply is going down. You’ve got classic supply and demand driving the price up.”

Deflationary events for both bitcoin and ether will restrict the number of new coins that enter circulation. For bitcoin, a halving event scheduled every few years will steadily make the token harder to mine. Similarly, ether benefits from a protocol called EIP 1559 that slows supply growth and makes the currency relatively more scarce.

Unlike ether, bitcoin’s supply is capped at 21 million units, which makes it an inflation hedge, Sikorsky said. That quality could come in handy as the Federal Reserve rapidly expands the US money supply through pandemic-era emergency policies.

Still, Sikorsky is more bullish on ether and said he tries to hold at least twice as much of it as he does bitcoin, adding that the ratio could increase in the future. That’s because bitcoin isn’t programmable, unlike ethereum and other altcoins he likes. There’s no guarantee of success for any cryptos, especially not the smaller ones, but Sikorsky still believes they’re a worthy bet.

“Who’s going to be the market leader? We don’t know,” Sikorsky said, a sentiment shared by Craig Kirsner, the president of retirement-planning services firm Stuart Estate Planning Wealth Advisors. “If you don’t have an allocation, there’s that old Larry Hite quote: ‘If you don’t bet, you can’t win. If you lose all your chips, you can’t bet.’ So you have to bet some chips on the altcoins because you don’t know where they’re gonna go and how much they’re gonna move.”

Below are the top four altcoins that Sikorsky said Copia Wealth Studios is accumulating, along with the symbol, market capitalization, protocol, maximum supply, and Sikorsky’s thesis for each.

1. Solana

1. Solana


Symbol: SOL

Market cap: $46.3 billion

Protocol: Proof of stake

Maximum supply: Capped at 500 million

Thesis: “Imagine you could have owned a piece of SMPP of every email that ever gets sent,” Sikorsky said, referring to short-message peer-to-peer, the backbone of SMS text messages. “You actually could have owned that in Web 1.0. Instead, those protocols had to be open-source. Now the protocols don’t actually have to be open-source, so you can actually own a piece of these blockchains. And so all these future developers building these future smart contracts and apps, that’s the thesis.”

2. Cardano

2. Cardano


Symbol: ADA

Market cap: $78.7 billion

Protocol: Proof of stake

Maximum supply: Capped at 45 billion

Thesis: “So, here’s why we have ADA and Solana: Who knows who’s going to be the next winner?” Sikorsky said. “So you’ve got ethereum as the market leader right now, but it’s shifting to proof of stake. A lot of people hate how much gas fees are on ethereum right now, so there’s some issues. Maybe they’ll address them and they’ll stay the market leader. But you’ve got ADA coming out with a way better gas formula for transaction fees.”

3. The Sandbox

3. The Sandbox


Symbol: SAND

Market cap: $713.7 million

Protocol: Play to earn

Maximum supply: Capped at 3 billion

Thesis: “I like Sand for this reason: I wish I could’ve been an early investor in Roblox,” Sikorsky said, referring to the online-game platform. “Roblox, they crushed it. In Sand, it’s like Roblox’s platform, but there’s also a token inside of that world. So the more that people play in that world, it’s kind of like, again, if you’re looking at it in like five to 10 years, it can grow exponentially, just like how Roblox’s platform did.”

Sikorsky added: “I didn’t get to own any of Roblox. I didn’t get to be a first-rounder investor in Roblox. So Sand, to me, is a way to watch what Roblox did and then see another platform come and get a chance to be early into that next platform. Profit is recognizing an aspect of reality ahead of your peers. The next big thing is always dismissed as a toy.”

4. Ecomi

4. ECOMI


Symbol: OMI

Market cap: $758.1 million

Protocol: Proof of reputation

Maximum supply: Capped at 775 billion

Thesis: “We think that there’s this wave of NFTs and digital-asset collecting, and this makes it really easy to buy and create digital assets,” Sikorsky said, referring to nonfungible tokens. “It’s like owning a piece of a global retail shop.”