In a surprising return to Twitter after a two-month hiatus, billionaire and founder of An investing firm, Shervin Pishevar, recently took to the platform in order to discuss a wide array of issues that are primed to affect the US economy from here on out. While he is no stranger to making controversial statements, Shervin Pishevar’s consistent track record regarding the implication of incoming trends has been stellar to date, and he was one of the early investors in a number of thriving companies, including Uber, Dollar Shave Club, Airbnb, and Warby Parker.
In what many people are referring to as a tweetstorm, Shervin Pishevar unleashed a string of 50 tweets at a furious pace, taking on global powerhouses Amazon, and Google, as well as predicting the future of Bitcoin. He also touched on the state of the US stock market, which he revealed will drop 6000 points in the upcoming months in his estimations are correct, and just one day after, quickly began said descent, dropping 500 points in under an hour.
When speaking on Bitcoin, which has been one of the more polarizing subjects of recent history, along with cryptocurrency and blockchain, Shervin Pishevar discussed the recent drop, which saw the price dip from a high of nearly 20k, to around 8k. If he is correct, the drop may continue for a period of time before correcting itself and climbing back up, although at a much more deliberate pace; he believes this will occur over the next 24 months.
He also discussed the failing infrastructure of America, citing that it has fallen behind competitors like China in a significant fashion. The level of innovation seen across the world is beginning to lap that of the United States, as Silicon Valley no longer has a stranglehold on the tech market. He would go on to reference a train station in China that was completed in under 10 hours to support his claim. Mr. Pishevar believes that innovation has now become “borderless” and the innovation that has traditionally belonged to Silicon Valley, can now be implemented on a global scale.