Home –  Bitcoin
Tag Archives: Bitcoin

Shervin Pishevar: Why Investors Should Be Concerned

When a venture capitalist and investor in one of the world’s most successful companies takes to Twitter and begins a 21-hour tweet storm on many major aspects of the world economy, people naturally pay attention to what is being said. This was the case recently with Shervin Pishevar, who made a name for himself in business circles as one of the primary investors in worldwide transportation company Uber. From discussing the correction he sees coming for the U.S. stock market to how Silicon Valley companies can regain their place at the top of the high-tech sector, Shervin Pishevar touched on these and many other important topics during his interesting tweet storm.

If you are an investor in the stock market, Shervin Pishevar believes it is time to heed his advice and prepare your portfolio for a major correction that is coming your way. Predicting a 6,000 point drop in the market over the next several months to a year, he instead urges those wanting to pull money out of stocks to look at precious metals such as gold. Predicting gold prices will continue to increase, he believes this will be the smartest move investors can make at the current time.

When discussing Silicon Valley, he also sees a time coming when these companies will be coming in second to those companies in China and other foreign powers. While he acknowledges Silicon Valley has had an amazing run of success, he also predicts these companies will wind up becoming too complacent in research, innovation, marketing, and other key areas, leading to their decline over the next decade.

And for those investors and others who wonder how Shervin Pishevar feels about virtual currencies, he touched on this subject as well over his 21 hours on Twitter. While he predicts a huge drop in the currency’s initial value to investors, maybe by as much as 5,000 points, he does think today’s economic climate lends itself to letting Bitcoin recover quite nicely. In fact, he believes investors will not only regain whatever losses they endure, but eventually turn a large profit in the end.

https://blog.taskrabbit.com/tag/shervin-pishevar/

Highlights of Shervin Pishevar 21 Hour Twitter Episode

If you missed Shervin Pishevar’s Twitter marathon, here are the highlights. Topics he tweeted on range from space travel to the fall of America’s empires. He took over 20 hours and 50 tweets to express his areas of concerns and some praise was sprinkled about too.

Bitcoin and virtual currency sparked a tweet. Shervin Pishevar mentioned how startups could choose digital money as a way to finance their business idea. Traditionally venture capitalists were sought out and angel investors. New companies do not have to be attached to the dollar or any other traditional hard money. This gives them the freedom to become “stateless.” Virtual financing will become one of the strongest apps.

Pishevar predicts mega-funds will collapse in the coming economic climate. He expressed issues with Volatility Indices along with Managed Future Funds.

Other tweets referred to the spreading of inflation. The US markets are not separate from international trade. Shervin Pishevar believes we have been exporting our inflation and infecting other countries with it. This is not something new, but Pishevar states the US has been doing it for years. With the current political climate, the conditions are not soon to be corrected.

Other giants of the US and world market that will take a hit are Amazon, Google, and Mircosoft. Shervin Pishevar thinks their practice of scooping up little and innovative startups before they become competition will soon takes its toll on the economy. A sound economic structure has competition from new business. The gigantic companies have enormous buying power, but they may need to think of new tactics to handle innovation.

A highlighted programs was SpaceX, which is one of Elon Musk’s companies. Shervin Pishevar called space companies inspiring. Another company that won his Twitter praise was Virgin Hyperloop, which Pishevar was a co-founder of.

After all the tweets, predictions, and opinions the Twitter rampage ended. Shervin Pishevar has called out many winners in the past, such as Dollar Shave Club and Slack, so who is to say which one of his latest tweets will become reality.

https://www.youtube.com/watch?v=GdIlKLX5Pn8