Shervin Pishevar: A Storm Full Of Predictions
When many people go on what is known as a tweet storm, they do so to vent their frustrations on a number of matters. However, when venture capitalist Shervin Pishevar recently went on a 21-hour tweet storm, he chose instead to give those following him a number of interesting predictions regarding the United States economy. Based on these predictions, those paying attention to his words have much at stake.
At the beginning of his tweet storm, Shervin Pishevar chose to focus on the future of the United States stock market. Surprising to many of his followers, he predicted that while the stock market is currently doing quite well, it is poised for a drop of as much as 6,000 points in the months ahead. Citing bond volatility as the culprit, he believes that for those who are heavily invested in stocks, precious metals such as gold hold the key to financial salvation. Predicting gold will allow investors to avoid huge losses, he predicts those taking his advice will be able to survive the crisis.
After making these bold predictions about the stock market, Shervin Pishevar focused next on the state of companies in Silicon Valley. Predicting the demise of Silicon Valley due to a combination of apathy, lack of aggressiveness, and failure to retain top-level talent, he predicted nations such as China and others that have invested heavily in high-tech have already surpassed Silicon Valley as leaders in today’s high-tech market.
Finally, nearing the end of his tweet storm, Shervin Pishevar made those who have invested in virtual currencies such as Bitcoin a bit nervous. Predicting a drop in value of as much as $5,000 for the currency, he nevertheless predicted things were not as bleak as they seem for these investors. Instead, Shervin Pishevar predicted that for those investors who choose to stay the course, Bitcoin and other virtual currencies will reward their confidence with expanding profits. According to his predictions, even though Bitcoin will initially lose a chunk of its value, it will quickly regroup and forge ahead with profits, enabling its investors to grow richer and richer.