Shervin Pishevar’s tweetstorm predicts dark days for US economy

Shervin Pishevar is an accomplished venture capitalist and an entrepreneur. He has investments and some of the biggest multinationals in the world such as Airbnb and Uber, companies he invested in during the startup ages. Pishevar has spent most of his career in Silicon Valley working closely with promising startups. He is the former managing director of Sherpa Capital as well as Menlo Ventures. Working with Menlo, he was approached by the co-founder of Uber Mr. Travis Kalanick to help in growing the idea.

Shervin Pishevar is clearly a distinguished investor. Although he is no longer working with Sherpa Capital, he still gives his opinion about various matters affecting the business sector. Early 2018, Shervin Pishevar engaged in a tweetstorm that revealed a lot about the American economy and the financial sector in general.

Shervin Pishevar started the tweetstorm by making it clear that he expects the American economy to go down in the coming months. He predicted that the stock market would lose 6,000 points in the coming months, a factor that would contribute significantly to the decline of the economy. At the time of tweeting, he believed that inflation and overvaluation of assets were already present in the market making this a clear indication that a financial storm would hit the country’s economy.

Shervin Pishevar also highlighted others issues likely to affect the financial sector. For instance, he predicted that bitcoin would crash while gold would rise. In his prediction, he indicated that bitcoin had soared to high prices that it would not maintain. He noted it would go down to the 2-5K range before resuming an upward trade. He is however supportive of the idea that cryptocurrencies can bring a frictionless trading environment.

Shervin Pishevar also decried the presence of monopolies in the American economy. By his statement, some companies operating in the country which are making it hard for others to thrive. Facebook, Alphabet, Amazon, Apple and Microsoft have dominated the Silicon Valley making it impossible for any other idea to thrive. He is recommending that such companies should be broken up just like it happened with AT&T. If the status quo is maintained, then he predicts that it will take more than one decade for another great idea such as Uber and Airbnb to be invented.

https://medium.com/@shervin

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