For many people, Twitter is used to express interesting opinions on various matters. This has been especially true of business executive Shervin Pishevar, who has taken to Twitter on many occasions to express his thoughts and opinions. However, in a recent Twitter marathon lasting 21 hours, his tweets covered a wide range of economic issues, and had many people talking the next day.
To begin with, the man known for his insight that was used to be an early investor and believer in Uber gave his thoughts on the future of the United States stock market. While many people feel the market will continue on an upward path, Shervin Pishevar thinks the opposite. In fact, he expects the market may fall as much as 6,000 points over the next few months. Basing his prediction on his belief that the bond market will experience greater volatility, he warns investors to watch their portfolios very carefully.
In addition to his dire predictions for the stock market, Shervin Pishevar also took aim at how Silicon Valley companies have performed over recent years. According to him, while most of these companies have continued to do well within the tech sector, they are not as far ahead of their foreign competitors as they once were only a few years ago. Believing that China and several African nations have made great strides over the past decade, Shervin Pishevar now sees these companies as essentially pulling even with Silicon Valley, and in some cases actually moving ahead in terms of innovation and marketing strategies. While he does not predict the demise of Silicon Valley, he does feel as if these companies must refocus their efforts in order to stay relevant in today’s competitive marketplace.
Last but not least, he also touched on the status of virtual currency Bitcoin. While growing in popularity, Shervin Pishevar predicts it will drop in price to as low as $2,000, then begin to rebound. While it’s hard to say if any of these predictions will come to pass, it will be interesting to see how things play out in the months ahead.