Shervin Pishevar is an angel investor who played a significant role with Uber. In February 2018, he took to Twitter to express his thoughts on a variety of topics. These topics ranged from the price of
Bitcoin to the potential for the stock market falling.
The Stock Market Will Likely Face a Correction
Based on market conditions at the time, Shervin Pishevar said that the Dow could drop up to 6,000 points. Furthermore, the price of Bitcoin would possibly fall to as low as $2,000. At a minimum, it would fall to about $5,000 before it would search for a support level.
Uber Is the Last Great American Startup
According to Shervin Pishevar, startups will be acquired by Google, Facebook or Amazon in for the foreseeable future. This means that new companies may not be able to form and grow to the level that this former startups did. Shervin Pishevar claims that Uber was the last company to start from nothing and grow into a mature business.
Elon Musk May Be Our Last Hope
Elon Musk is the owner of Tesla and SpaceX, and he also owns the Boring Company. These businesses seek to push the boundaries of what is possible in their respective industries. According to Shervin Pishevar, he is one of the few true visionaries that the country has.
Shervin Pishevar recently went on to Twitter with a variety of economic predictions. Everyone knew it was going to be big when he identified that he saw some financial storms brewing. He sent out 50 tweets, numbering them all.
The Market Will Drop
Shervin Pishevar got everyone’s attention when the first tweet commented about how he thought there may be a 6000 point drop in aggregate over the next several months. He went on to explain that the market gave up all gains for 2018 and they will likely give up the gains from 2017 as well.
Bitcoin Will Lose Value
Shervin Pishevar decided to talk about cryptocurrency. He believes that bitcoin will lose value over the next 12 months and then slowly gain in value. Once it starts to gain, it will become more stable.
Monopolies Will Rule
Another thing that Shervin Pishevar predicted is that monopolies will rule. Much of this has to do with five US monopolies in place: Microsoft, Facebook, Apple, Amazon, and Alphabet. They’re more powerful than Ma Bell and until the US government does something about them, they will start to destroy startups one after another.
We’re Closer to a Global Economy
With cryptocurrency and monopolies building, middlemen will become irrelevant. When that happens, we will be one step closer to a global economy. This could actually make it better for everyone, though it depends on how the companies form. Many US companies, as Shervin Pishevar explains, are too focused on the short-term and their infrastructures are weak.
With these predictions via Twitter, thousands of people are now commenting on what they expect to happen throughout 2018. Additionally, Shervin Pishevar’s predictions have already started to become a reality, particularly within the stock markets.