Shervin Pishevar has a been a key venture capitalist to several popular tech brands. He propagated Uber, Postmates and Airbnb. Additionally, he helped found Virgin Hyperloop One and other projects that could shape humanity’s future.
On Feb. 5, 2018, Shervin Pishevar began a tweet storm prompted by a recent slide in the American stock market. His thoughts required 50 tweets. People interested in the United States economy should consider the following highlights from his tweet storm.
2018 Will See a Significant Loss in Dow Value
Despite reaching a record close in late January, the Dow Jones Industrial Average began February by giving back all of the previous month’s gains. Shervin Pishevar warned that February’s tough start was not an aberration. “I expect a 6000-point drop in aggregate in the months ahead,” he tweeted regarding the Dow.
That size of drop would exceed 20 percent of the index’s peak close at 26,252.12 points. Such a prediction should unsettle investors’ minds.
America Trails Its Competitors
Pishevar also said much about America’s footing on the global economic playing field. He told his followers, “A tectonic shift has been brewing as Silicon Valley has lost some of its competitive edge against competing zones of innovation.” Further, he said, “Silicon Valley is no longer a physical place but an idea that’s gone viral. Entrepreneurship is a movement. Borderless!”
Further, in addition to being a successful venture capitalist, Shervin Pishevar is a naturalized United States citizen who immigrated from Iran. He stands against current U.S. immigration policy. “While we build walls, both physical and cultural, to keep out immigrant talent, that talent doesn’t need to come here anymore,” he stated. Get More Information Here.
Cryptocurrency Will Revolutionize the Marketplace
Pishevar foresees great change for the 21st century’s economy. Within his tweet storm, he forecast an economic revolution caused by stateless cryptocurrencies like Bitcoin. He tweeted favorably on the subject, saying, “When all the middlemen are irrelevant, we can have a global economy that is more perfectly efficient and frictionless.”
Shervin Pishevar’s resume gives his words clout. Hopefully, those who control the U.S. economy’s levers will pay attention and change accordingly.