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Shervin Pishevar’s Twitter Storm: A Sign of Economic Change?

If you’ve read much about business in Silicon Valley in recent years, you probably know that as a venture capitalist, Shervin Pishevar has helped create some of the biggest names in tech start-ups, including Airbnb and Uber, among countless others. In Silicon Valley and other technology hubs, Pishevar is known for his unorthodox views on the economy, but his unique perspective on the marketplace has made him a fortune in the long-term.

A Tweet Storm Takes Investors Off Guard

In a recent 21-hour tweet storm that took investors by surprise, Pishevar discussed his views on everything from the state of the economy to his anger at his critics. And if his tweets are a good indicator of the economic forecast, it looks like there’s likely to be big changes in the way that savvy investors do business in the future.

The Future of Bitcoin

One of Shervin Pishevar’s most controversial statements during his Twitter storm had to do with the embattled crypto-currency Bitcoin, which seemingly came out of nowhere in 2009 to earn its investors billions over the last nine years. If Pishevar’s instincts on Bitcoin are correct, it could be the case that the currency will reach a new peak value in coming months, meaning that current buyers could make huge earnings on future price points.

A Looming Recession

Shervin Pishevar’s views on the state of the economy were not so optimistic, however, with the former CEO stating his belief that the stock market would drop by an astounding 6000 points in the coming months. For short sellers or long-term investors who buy stocks at a low price when the economy is in a downturn, that could be a very good thing. But for most investors and businesses, the kind of drop that Pishevar predicts could spell another great recession.

So whether we’re critics or fans of Shervin Pishevar, we all have to admit that his track record on predicting the success of long-shot businesses shows an astounding capacity for spotting diamonds in the economic rough. And if his predictions about the economy are true, we all might be in for a bumpy ride, for better or worse. Only time will tell!

https://b612foundation.org/members/shervin-pishevar/

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