Bitcoin is the cryptocurrency that everyone has their eye on. It has the potential to become a global currency that is used by every country. It has been growing by astronomical rates and Shervin Pishevar has made some comments regarding its value.
There are a few things that we are likely to see according to the founder of Sherpa Capital, Shervin Pishevar. In tweet 23, he says that the era of cheap money is dead. As a result of inflation spreading and stock markets crashing, the gold will rise in response. Further, bitcoin will continue to crash, though he estimates that will stable at somewhere around two to 5K. Then, it will become more stable and start to rise over the next 24 months.
What happens when bitcoin stabilizes?
Right now, Bitcoin is still considered very volatile. If it stabilizes over the next 24 months as Shervin Pishevar suggests, it can have a significant impact on the early stages of the tech industry as well as venture capital. We are already seeing Silicon Valley losing some of its competitive edge because innovation is rising up in other places. As crypto currency become stronger, it can be used in more markets and to fuel more startups. See This Article to learn more.
Many people are in agreement with what Shervin Pishevar had to say about bitcoin as well as all of the other tweets. In fact, Shervin Pishevar shared a total of 50 tweets in 21 hours, with one mention of stopping for dinner.
Now, the world will sit back to see if Shervin’s comments were accurate. We’re already seeing some changes in the market and some businesses are scurrying to use the information as warnings. It may be what some businesses need to thrive and what investors need to ensure they are in the right place at the right time.