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Written by on October 31, 2018
Shervin Pishevar is no stranger to the public eye, but he is garnering even more attention than usual for him thanks to his epic tweets from back in February. He furiously tweeted over the course of almost 24 hours about a whole host of financial topics. There was almost no stone unturned at the end of his Twitter rampage, and financial analysts were clamoring to delve into the specifics of Shervin Pishevar’s many predictions.
There is a good reason why Shervin Pishevar has attracted so much attention in recent years. He was one of the first individual angel investors in Uber, which has grown into a massive success as one of the top ride sharing companies in the world. He has a knack for identifying companies that are on the rise or have the potential to be and is frequently consulted regarding his financial and economic predictions.
In no way did Shervin Pishevar hold back on his grim economic outlook for the U.S. He thinks that the stock market is not done dropping to correct itself after its gains from 2017 and that bitcoin is also going to see more dips in the next few months. Although he reasons that bitcoin will likely stabilize eventually, Shervin Pishevar does not think that the market has finished its balancing act for this initially overvalued investment.
Learn more: https://www.bloomberg.com/research/stocks/private/person.asp?personId=627228&privcapId=40311345
Along with massive dips in the stock market, Shervin Pishevar foresees a shift in the next wave of entrepreneurs in that they will be less inclined to look to the U.S. and Silicon Valley specifically as the ideal place to launch their next tech startup company. The online connectivity and friendlier startup environments in other countries have diminished the stronghold the U.S. once held on hosting successful startups. This reflects a larger more general decline of the U.S. on the international scale, which is bolstered by an overall lapse in infrastructure in the U.S., especially when compared to countries like China. A lack of fresh startup companies in the U.S. will likely shift the balance of power to larger corporations, which will continue to heavily influence government.
https://twitter.com/shervin?lang=en
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