If anyone was wondering what Shervin Pishevar thought about the economy of the United States, their questions have now all been answered. The entrepreneur and Uber investor recently spent 21 hours expressing his views through a series of tweets about a myriad of topics concerning the U.S. economy.
Shervin Pishevar used his Twitter account to unload his opinions regarding bitcoin, the future of the Silicon Valley, and the effects of technology on the markets. In a series of more than 50 tweets, the venture capitalist predicted a massive slowdown of the economy. The sudden explosion of thoughts was the first time Shervin Pishevar has spoken publicly since he stepped down from Sherpa Capital in December 2017 after multiple allegations of sexual misconduct surfaced.
Among the most notable opinions expressed in the tweet storm, Shervin Pishevar used the platform to predict a drop of 6,000 points in the stock market over the next few months. Part of the reason for this dire prediction lies in his belief that volatility in the bond market will cause ripples through the rest of the financial sector. Shervin Pishevar blamed the uncertainty coming out of Washington as a result of the White House stance on trade sanctions as a major reason for the predicted market collapse. In his analysis, Pishevar expressed his opinion that the U.S. will continue to lose business to China because of the escalating decay of the U.S. infrastructure.
Shervin Pishevar also took on the emerging bitcoin technology, pointing out that he believes the industry will continue to crash before it begins to recover and stabilize over the next few years. The future of the Silicon Valley also received great attention from Pishevar when he stated that the area is merely an idea, rather than a stronghold of tech innovation. Pishevar believes that the decline of American-based startups is contributing to the negative impact of too few large companies holding the majority of the power.
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Shervin Pishevar is an expert in technology incubation. Pishevar was one of the first investors to shell out $26 million to get Uber off the ground. That initial investment is worth billions now. Shervin is also the co-founder of Investment company, but he left the company in December 2017. Pishevar pulled himself out of the investment limelight for a few months until he started his 21-hour tweet performance. That performance was certainly Trump worthy. Pishevar didn’t attack anyone personally during his 50-tweet performance, but he did tweet about Apple, Microsoft, Facebook, Alphabet, and Amazon. He said those companies have an enormous amount of power and that is dangerous. He also said the U.S. is falling behind other developed nations. China infrastructure plan will give China the impetus it needs to become the number one economy in the world, according to a Pishevar tweet.
And when investors read his tweet about the bond market being unstable, he got the attention of investors trying to find an investment vehicle that is safer than the stock market. Shervin’s tweets about the stock market dropping by 6,000 points was an eye-opener for some investors. Pishevar even threw the Bitcoin under his tweeting bus. Shervin Pishevar thinks the future value of a Bitcoin will be $2,000 to $5,000 sometime soon. And his tweet about big companies like Amazon and Apple becoming mini-sovereigns hit a nerve with some investors. Companies like Microsoft, Apple, and Amazon are doing what nations used to do in terms of helping people.
No one is disputing Pishevar’s right to tweet. His investment followers want him to give them the information they can use to make money. Shervin hit on other topics in his recent tweetstorm. He talked about Silicon Valley losing its spot as a startup haven, and he tweeted gold is a solid investment in 2018. And in another tweet, he said the U.S. economy is heading for a recession. And he also thinks the national debt will stop foreign investors from buying treasury bonds.
The Shervin Pishevar tweetstorm was an eye-opener for some investors, and to others, it was just Shervin Pishevar tweeting in his spare time.
One detail that’s grabbed the attention of headlines is the recent outburst by Shervin Pishevar concerning a rather gloomy outlook on the US economy in the coming years, and it seems to be brought on in part by a Bitcoin crash that hasn’t yet finished while a ruined infrastructural support system lags far behind that of other countries. It all seems so odd: The venture capitalist, who formerly headed Sherpa Capital, had disappeared since his resignation from the company back in December. What brought him back in such a furious storm?
For those not yet in the know, Shervin Pishevar was originally forced to exit Sherpa Capital due to overwhelming attention toward allegations of sexual misconduct, and he stated that it was necessary to cut himself off from the company in order to prevent the drama from interfering with its operation. Interestingly enough, his return to media headlines now coincides with a recent lawsuit that was placed on a company known as Definers Public Affairs — a rather official-sounding name if one hadn’t known differently — for allegedly slandering him.
In his 21-hour onslaught of more than 40 tweets outlining a dark future for US enterprisers and consumers alike in the coming years, Shervin Pishevar notes the following:
- The infrastructural support system in the US is in bad shape. It’s difficult to acquire funding for projects anymore, and those that are approved take months or years to finish what the likes of China can knock out in mere hours.
- The big fish in business, namely the five most influential companies (Apple, Amazon, Alphabet [Google], Facebook and Microsoft), will continue to trample start-ups in the country, stifling innovation and discouraging more companies from starting up in the future.
- The stock market is about to see a 6,000-point drop thanks to these conditions and more, one of them being the much-emphasized continuation of the Bitcoin crash. Shervin Pishevar points out that the cryptocurrency is expected to drop by as much as another $5,000 before coming to a rest and then slowly ascending once more.