While Shervin Pishevar is not widely known outside tech circles, the venture capitalist has helped propel several brands to popularity. His money and expertise have aided the rise of Dollar Shave Club, Postmates, Uber and other online outfits. On February 5, 2018, he applied his wisdom to a 50-tweet thread, which he published over 21 hours.
Motivated by the Dow Jones Industrial Average’s rocky first few days of February, Shervin Pishevar forecast a bumpy year. “I expect a 6,000-point drop in aggregate in the months ahead,” wrote Pishevar in the storm’s first tweet. His subsequent tweets explained his reasoning.
Pishevar cited rising interest rates, increasing credit-account deficits, President Trump’s tax cut and America’s isolationism as contributing factors. He also said that short-term investors would find no relief in the bond market. Further, Virgin Hyperloop One’s co-founder warned that inverse exchange-traded funds are overloaded and would be to blame if a crash similar to 2008’s Great Recession occurred. “Expect Credit Suisse to suffer the most,” he wrote.
Whether or not that vision comes true, Shervin Pishevar said that gold’s price will rise through 2018, as investors seek less-volatile opportunities. In turn, he said, “Bitcoin will continue to crash.” Still, Pishevar indicated cryptocurrency would be a revolutionary force in the economy.
He said block-chain-mined coins are morphing money into a platform. “Currency as the ultimate app,” tweeted the venture capitalist. Pishevar predicted Bitcoin or one of its contemporaries would usher in a frictionless global economy.
Additionally, Shervin Pishevar stated that America’s anti-regulation movement gives too much power to too few people in the dotcom world. “We might not see another Uber or Airbnb-scale business for ten-plus years, unless the Modern Ma Bells are restrained from their absolute power,” he forecast. He also warned of high-tech robber barons and equated their small acquisitions to bloodless assassinations.
The United States can change. It can become nimbler, and it can catch up with China, where a train station was recently constructed with modern techniques in only nine hours. To change, the nation that birthed Silicon Valley must thoughtfully consider Shervin Pishevar’s tweet storm. View More Information Here.