Shervin Pishevar has so much experience as he invested in several big names in the industry, including Uber and Airbnb. It is easy to say this man knows exactly what he is talking about, especially if it involves the economy.
Just recently, Shervin Pishevar emerged from his Twitter hibernation after a few months of being away from the social media platform. He tweeted more than 50 tweets in just 24 hours where he delivered his thoughts and perspectives on various topics. He talked about the economy, which garnered a lot of attention.
After a day of his tweet storm, the Dow Jones Industrial Average crashed, and the S&P struggled, proving that Shervin Pishevar indeed knows what he is talking about.
The Market Crash
When Shervin Pishevar started his tweet storm, he first delved into the market losing its bearings as he predicted 6,000 points reductions in the US stock market. He provided his explanation why he believes the crash will take place in the coming months, which included the interest rates and weakness of bonds.
The prices of Bitcoin were also discussed where Pishevar talked about a 2,000 to 5,000 drop before it will become stable again.
Innovation and Entrepreneurship
For Pishevar, the United States has always been the place for businesses and forward-thinking. However, it is no longer true today, according to the expert investor. Things have changed as he slams those who still think a person should be in the US to develop a phenomenal company.
One of the biggest proofs here is Silicon Valley losing its touch when it comes to being competitive. There are now other countries and areas across the globe where new ideas prove to be borderless. Refer to This Article to learn more.
Innovation has changed in many parts of the world. Execution has become so speedy that it can be startling to those who do not expect the changes, especially across various sectors. Pishevar gave an example involving China, which built a complete train station in less than 10 hours.
Finally, perhaps one of the most controversial tweets from Shervin Pishevar is his belief that the US will lose over China, specifically regarding innovation.
When Shervin speaks and tweets, people listen. His statements may be debatable, but he has been right many times in the past.