The predictions of Shervin Pishevar during his epic 21-hour Twitter rant about a range of subjects affecting the financial sector have proven to be largely correct. Pishevar has been at the top of the financial sector and technology investing for a number of years and got in on the ground floor with Uber and Airbnb. During his 21-hour tweet storm, Pishevar gave the world a series of predictions regarding the future of Wall Street, Silicon Valley, and the technology sector around the world.
Shervin Pishevar began tweeting the success of his predictions in February 2018 when the stock market of the U.S. fell by over 1,000 points. The close confidant of President Obama and member of the J. William Fullbright Scholarship Fund made a series of predictions about the future of the stock market including his theory that a fall of between 5,000 and 6,000 points was just around the corner. In the end, the stock market did not fall as fas as initially expected but Pishevar stated he was vindicated by the fall he had seen.
Alongside his successful prediction regarding the stock market fall, the cryptocurrency markets should have been watching the Tweetstorm from Shervin Pishevar. The successful investor is known for the chances he is willing to take on startups, such as his early decisions to invest in Uber and Airbnb. In recent time, Pishevar has become closely linked to the work he has been completing on the Virgin Hyperloop rail service which will span the U.S. underground.
The burgeoning cryptocurrency markets have been the subject of a series of problems in the last decade with huge surges and damaging falls. Pishevar believes in the decision to invest in new markets from successful innovators such as his Hyperloop mentor, Elon Musk. One aspect of the technology sector which Shervin Pishevar believes in is Bitcoin where the investor believes huge gains will soon be made. As the use of cryptocurrencies grows around the world, the price of Bitcoin should stop being measured using the huge peaks and troughs of its early years.
Shervin Pishevar had many thoughts about the economy and where the United States stood in the world during a Twitter rant in February 2018. He spent 21 hours talking about Bitcoin, Elon Musk and why the startup landscape is likely going to change over the next several years.
Bitcoin Will Experience a Period of Depreciation
According to Shervin Pishevar, those who hold Bitcoin could experience significant losses in the near future. He projects that the coin will fall to as little as $2,000 before it eventually finds support and starts to rebound. If those who have Bitcoin are lucky, it will only fall to about $5,000 a coin before going up again.
Elon Musk Is a True Visionary
In a period during which the United States lacks long-term thinking, Elon Musk is someone who dares to think bold thoughts about the future. This is what Shervin Pishevar had to say about the man who is trying to make it faster and easier to get between cities or from Earth to the Moon. Shervin Pishevar believes that the United States will not retain its status as a global superpower unless it starts to think longer than a few months or years ahead.
What It Means To Be an Entrepreneur Will Change
If Shervin Pishevar is right, being an entrepreneur has become more of an idea than something that you actually do. This change of perspective has come about largely because of technological advances that make it easier to start a company from anywhere. It is likely that companies will be founded both internationally and throughout the United States outside of Silicon Valley. As technology continues to evolve, California may find that it is no longer sacred ground for those looking for funding or connections to boost the profile of their startups.