Joe Fagan

Former Soccer Star, Now Soccer Fan

June 18, 2019

Shervin Pishevar: A Top Business Figure in the United States

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.

March 14, 2019

Looking Back On Shervin Pishevar’s Tweetstorm One Year After It Happened

Over a year ago, on Feb. 5, 2018, entrepreneur Shervin Pishevar pumped out 50 consecutive tweets in which he made a variety of predictions and shared his take on a number of issues. Here are some of the most notable things he referenced in the 50-tweet “tweetstorm.”

Shervin’s Bitcoin Prediction Came True

In Dec. 2017, the price of bitcoin peaked at roughly $19,500 per bitcoin. Shortly thereafter, bitcoin’s value began to drop rapidly.

In his 24th tweet, Shervin Pishevar predicted that bitcoin’s price would continue to fall from its then-current value of roughly $9,000. This prediction turned out to be accurate.

The second part of his prediction stated that the price of bitcoin would stabilize somewhere between $2,000 and $5,000. In late Dec. 2018, Shervin published a tweet that recognized the accuracy of his bitcoin-related prediction. Since then, the price of the world’s most popular cryptocurrency has held true at a rough price of $3,500.

The Entrepreneur’s Views On Gold Haven’t Proven Correct Thus Far

One ounce of gold fetched about $1,350 at market at the time of Shervin Pishevar’s tweetstorm. Pishevar predicted that the price of gold would rise in the future, but he didn’t indicate a time horizon. As such, objectively judging the validity of his prediction is difficult.

The price of gold dropped to $1,190 in 2018. Currently, however, gold’s price sits at $1,325. Based on the consistent upswing in gold’s price over the past six months, it’s likely that the price of gold will, in fact, soon exceed its price at the time of the tweetstorm’s publication.

The United States Government Hasn’t Made These Predictions Come True

Shervin Pishevar shared last year that he believed that Microsoft, Amazon, Facebook, Alphabet, and Apple were all monopolies. Although none of them are as large or as powerful as the Bell Telephone Company was in 1984, the year its monopoly was broken up by the U.S. government, Shervin noted that they are quite powerful for their respective industries.

None of these companies’ organizations have been broken up since his tweetstorm, though he still feels that the government should step in.