Shervin Pishevar is a prominent venture capitalist in the United States. Born in Iran, he came into the United States and made a mark as one of the most vocal experts on financial matters. His career has majored on investments in Silicon Valley, where he has been working with tech startups. He has supported many startups to grow into multi-billion dollar businesses. In his career as a financial expert, he has made a mark as a person who understands the economy and factors that affect the economic environment in the world. It is for this reason that his opinion on matters of economics and finance cannot be ignored as just social media tweets that are based on no facts.
At the beginning of 2018, Shervin Pishevar came out on twitter and posted 50 successive tweets outlining why he believes the US economy is on the decline. He also talked about other matters related to the financial industry such as globalization, bitcoin, immigration, and the bond market. All his tweets were supported by facts that can be verified even by people who possess a minimal understanding of financial related matters. His analysis is based on what is currently happening in the country and the world at large.
Shervin Pishevar opened his tweet storm by outlining that the US stock market would lose significantly in the coming months. His argument was supported by the happenings of the moment where the stock market had already lost over 1000 points. The loss was enough to erase all the gains made in 2017. Pishevar said that he was expecting the losing streak to continue until the market had erased over 6000 points gains.
Shervin Pishevar also took that moment to explain other financial related matters. Among the things he predicted was the fall of bitcoin which he said would not maintain the high prices it is recorded at the beginning of the year. He expected it to go all the way down to the $2-5k range.
He also took issue with big US companies such as the Alphabet, Apple, Microsoft, Facebook and Amazon which he believes are making it impossible for other companies to thrive. He’s of the opinion that these companies should be broken up so that the Silicon Valley can have a chance of bringing up other companies.