When a well-known business executive makes predictions regarding the U.S. and world economy, it’s often a good idea for people to pay attention to what is being said. This is especially true of Shervin Pishevar, who as one of the early investors of Uber has certainly much credibility when it comes to business and economic knowledge. After recently engaging in a 21-hour tweet storm on Twitter, there are many interesting observations and predictions to be discussed.
As he began his Twitter predictions, Shervin Pishevar wrote of how he sees the U.S. stock market taking a significant dive in the next several months. Predicting a fall of as much as 6,000 points, he based this prediction on what he believes will be extreme volatility in the bond market, which he feels will negatively impact numerous industries and businesses throughout the United States.
After his thoughts on the stock market, Shervin Pishevar turned his attention to Silicon Valley and what he sees as its slow decline. According to Shervin Pishevar, as Silicon Valley has somewhat rested on its laurels in recent years, nations such as China as well as many in Africa have been working furiously to not only catch up with Silicon Valley companies, but surpass them in terms of quality and efficiency. Believing they have done so, he feels as if Silicon Valley will now be faced with a new reality of trying to maintain its place in the world marketplace, rather than setting the standard for other companies to meet.
And while many world economists believe virtual currency Bitcoin is poised to continue making strides forward, Shervin Pishevar believes the opposite will happen. According to him, Bitcoin will actually fall in price to between $2,000-$5,000, which will have a major impact on the virtual currency industry. Believing many investors will instead turn back to investing in gold and other precious metals, he sees Bitcoin prices staying low for several months, then starting to increase yet again.
While nobody knows what the future holds, Shervin Pishevar is giving us plenty of fascinating possibilities to ponder in the days ahead.