Shervin Pishevar is an investor and the co-founder of several different startups. He’s always had quite a Twitter following, though it grew last year after a tweet storm that covered a wide array of topics, including the economy. More specifically, Pishevar spoke about bitcoin and its future.
Cheap Money is Dead
Shervin Pishevar mentioned in one of his tweets about how cheap money is dead. Inflation has been spreading for quite some time and gold will be rising in response. However, he also talked about bitcoin and how it will continue to crash before it stabilizes somewhere in the 2,000 to 5,000 range. Once it does, then it will have a more stable rise for the next 24 months.
Shervin Pishevar brought up venture capitalism and the tech industry. He has identified that Silicon Valley has lost some of its competitive innovation. This means that startups need to get more creative in order to prove that they are unique. This is starting to take form in regards to cryptocurrency and how many startups are using ICOs as a way to promote themselves. They’re offering tokens that can be purchased with BTC (bitcoin) or ETH (ethereum) as a way to raise the funds that they need.
With Silicon Valley losing its edge, it’sallowing entrepreneurship to become a borderless movement. Startups no longer have to be located in Silicon Valley in order to thrive. As such, talent is showing up all over the globe.
Currency is Becoming an App
Shervin Pishevar talked heavily about Bitcoin and venture capitalism, which leads to some of his later tweets within the tweet storm. He talks about how money is going to become a platform with currency becoming the ultimate app. More crypto platforms are showing up, allowing for currency to be traded inside of apps.
The economy is changing as a result of cryptocurrency. Bitcoin paved the way and, now, more currencies are becoming available. Shervin Pishevar has been the voice to show what the world is capable of.
When Shervin Pishevar broke his silence on the social media platforms, he made a major announcement. He came out gun-blazing with a prediction that the US economy was going to crash in coming months, he posted 50 messages on Twitter talking about the economy and other matters such as cryptocurrencies, globalization, bond market among others. The tweets started by a clear message that the US economy would go down.
Shervin Pishevar predicted that the US stock market would lose 6000 points in a matter of months. By the time he was tweeting the messages, it had already lost over 1000 points, and he predicted that the drop would continue until all the gains of the past one year had been erased. Shervin also indicated that the indicators of a looming financial crisis were already visible. The crash of the stock market, huge national debt and overvalued assets signal dark days for the economy. Shervin Pishevar faulted the government for some of the measures it has taken such as the tax giveaways which he predicted would support the financial crisis.
Shervin Pishevar used the tweet storm to express his frustrations with the manner in which the country treats immigrant talent. Shervin Pishevar has spent many years in Silicon Valley working on some of the most brilliant ideas ever developed. He believes that the role of immigrant talent has led to the growth of the American economy greatly. However, the country has now blocked immigrant talent from coming into the country, a factor that could lead to the fall of Silicon Valley as the leading innovations hub in the world.
Shervin was also quick to point out that the immigrant talent no longer has to struggle to come into the United States since the idea of the Silicon Valley has already been decentralized. Almost every country in the world today has developed mechanisms to grow their talents.
Shervin Pishevar is well-known for being an entrepreneur and an investor. When he recently took to Twitter to discuss some of his concerns about the United States, tens of thousands of followers tuned in. Since then, countless blogs have focused on his tweets, ensuring even more readers are aware of his concerns.
One of the top concerns is the state of the economy. Shervin Pishevar focused his energy on the stock market, predicting that it would drop in aggregate over the next several months. True to his prediction, the market started to shake days after his tweets.
Shervin Pishevar also discussed the monopolies in the United States. Five that he focused on to a great extent include Google, Apple, Facebook, Microsoft, and Alphabet (the parent company of Google). The government has allowed these companies to grow to such a point that they have access to more data than a sovereign nation. They’re also taking down many startups, making it difficult for anyone to compete against them.
Speed of Execution
Shervin Pishevar also talked about how poor the speed of execution in the United States is. Many countries are getting things done faster and that’s because they’re using a more modernized infrastructure. A perfect example is how a train station was constructed in only nine hours in China.
It only makes sense that Shervin Pishevar is concerned about what’s going on in the country. With such problems, it could be years before we see another startup grow to the level of Uber or Airbnb. As an investor, Shervin wants to make sure that more entrepreneurs have an opportunity to launch a successful business.
Now that he has voiced some of his concerns, the hope is that more people will heed his words and take action to make an improvement across the country.