One of Uber’s earliest investors took to Twitter to share with the world the thought on the current economy and what the near future will. Shervin Pishevar ranted for 21 hours straight, only taking a few short breaks, in a series of 50 different tweets that became known as his 21-hour tweetstorm. He had many predictions during this storm, and while some people aren’t taking him seriously, others are taking notice to the investment experts predictions.
The 50 message long tweet rant by Shervin Pishevar made predictions about a wide variety of topics concerning the economy. From Bitcoins to immigration, there weren’t that many topics that Shervin Pishevar didn’t address in his field of expertise. Essentially, he sees the economy of the United States on the verge of collapse while other countries throughout the world will bee years of prosperity.
In the next few months, Shervin Pishevar sees a dramatic drop in the stock market coming, around 6,000 points. When the market dropped dramatically just a few days later, even the skeptics that had originally passed off his tweetstorm as an angry rant took notice of some of his other predictions. One of these being his interesting thoughts about Bitcoin and it’s eventual rebound.
While Shervin Pishevar sees Bitcoin dropping rather soon, he doesn’t think it’s over for the cryptocurrency. He believes the drop is only temporary and while he does not think it will be rebounding quickly from the loss, he does think that over time it will slowly grow in value back to a price near what it had reached during its peak.
Shervin Pishevar also believes that Silicon Valley should be concerned about their current monopoly in the tech world. Technology is becoming increasingly borderless and this trend will only grow as digital communication and finances continue to improve in the near future. In the past, Silicon Valley was seen as the go-to place for startups, unfortunately, a few large companies have made it almost impossible to achieve success in the industry in that location. With tech startups starting to take root in other parts of the United States, he believes that it’s only time until their Monopoly collapses.