Shervin Pishevar is the founder of Investment company and one of the earliest Uber investors. He was however compelled to resign as the CEO. Since then, he has not addressed the public with regard to business until his rant Twitter on Tuesday. While one cannot specifically identify his main objective with the tweets, he predicts multiple factors that are likely to affect the economy of the US in the coming future.
Bitcoin is one of the leading investments today and Shervin Pishevar predicts that it will decrease to about $2,000-$5,000 before experience an increase again.
In his prediction of the financial storm the US is going to face, Shervin Pishevar further states that the stock market is going to experience a 6,000 point drop in the coming couple of months.
Besides adding that the bonds will be highly volatile in the various market places, Shervin Pishevar adds that the larger companies will still be more powerful over many start-ups. He however argues that there are few start-up companies that might make it in the market.
We all know California is currently the backbone of the US when it comes to tech innovations. In his words, Shervin Pishevar predicts that this culture is done with.
Many countries are striving to be the best in various sectors therefore the major investments made in multiple industries. With regard to this, Pishevar claims that nations like China are about to be the leaders in sectors like infrastructure. This according to him will leave the US behind and on the losing end.
The 50-message Tweets from Shervin Pishevar has created a lot of mixed reactions on Twitter. This is especially because he is known to air his thoughts freely without caring who supports or opposes him.
While this can be seen as his comeback into the business world, one cannot help but wonder why Pishevar came to such conclusions. He also had a lot to say with respect to immigration and SpaceX and how they are bound to affect the US economy in the end.