Shervin Pishevar made some pretty grim predictions about bonds, the stock market, big US companies, and even governmental institutions by means of Twitter in early February 2018. This was after not having used his account for more than two months. Even though it seems like the mic on his thought leadership was on mute, the axles of his mind were still going. It took a dramatic drop in the stock market to get him tweeting again. And when he did, he really let loose.
Many are referring to the tweets that Shervin Pishevar sent out as a Twitter storm. He sent out 50 separate points in a span of 21 hours. He touched on the topics mentioned above as well as things like immigration, bitcoin, and a few companies that he feels will do well.
Shervin Pishevar is known in the Silicon Valley area because of the companies he has helped to get going and because of the success of his investments. He used one of his venture funds, Investment company, to invest early in Uber. He was even one of their advisors a couple years back.
One of the points that Shervin Pishevar made in this Twitter storm had to do with digital currencies. He referred to them as the ultimate app. When an entrepreneur wants to start a business, they now have a variety of methods to use for fundraising and have different digital currencies to choose from. This is something that is good for the economy because startups can find unique capital and grow. However, Shervin Pishevar has some grim predictions when it comes to bigger financial and governmental institutions. They are going to face a shift that may leave them irrelevant because of this revolution in stateless digital currencies.
This is not the first time that Shervin Pishevar has let his opinions about the future of the US economy be made known. He has spent time fighting for a more transparent society for years. He says in one of the last tweets that he sent out that when the middlemen are irrelevant, then there can be a global economy that is more perfectly efficient and frictionless.
It’s not everyday that a Silicon Valley executive goes on an epic Tweetstorm. However, one early Uber investor decided to tweet for an amazing 21-hours straight. And in that time, this executive talked about everything from the stock market to the future of America’s infrastructure. That executive, Shervin Pishevar, has become the talk of Silicon Valley since his infamous tweetstrom. Below are some of his most outlandish predictions.
The Dow Will Drop 6,000 Points
One of the first predictions made by Shervin Pishevar had to do with the Dow jones Industrial Average. To be more specific, Mr. Pishevar predicted that the Dow would fall 6,000 points. If he is right about that prediction, that would put the blue chip index well into recession territory.
Bitcoin’s Crash Will Continue
Apparently, Mr. Pishevar was in a bearish mood. And he didn’t spare the cryptocurrencies from his sights. After predicting a crash in the Dow, Mr. Pishevar talked about Bitcoin. And he sees the grandaddy crypto coin crashing all the way down to the $2,000 to $5,000 level. That price range would make an almost 90% discount from Bitcoin’s $20,000 high in late 2017.
Silicon Valley’s Days As Tech’s Capital Is Doomed
Perhaps one of the most incredible predictions made by Shervin Pishevar had to do with his hometown. In a later tweet, Mr. Pishevar said that he believes that Silicon Valley will no longer be the capital of the tech world. Instead, start-ups will elect to work wherever they please and will communicate online with their clients, vendors and business partners.
America’s Infratstructure Is Falling Behind Fast
Going a little bit out of his area of expertise, Shervin Pishevar talked for a while about the state of America’s roads, bridges and buildings. He said that America will continue to fall behind to other developed countries. Mr. Pishevar pointed out the fact that the Chinese are now able to build an entire train station in 9 hours as an example of America’s lag in the infrastructure war.
Shervin Pishevar went on to tweet about other subjects including market volatility and Elon Musk. In all, Mr. Pishevar made dozens of predictions. Many Silicon Valley watchers will be keeping track of Mr. Pishevar’s tweets to see which one of his predictions will come true.
On November 4th, 2017, college student Emilie Walter was at her family’s home in Portland, Indiana with her boyfriend Brandon Dailey. They were wrapping Christmas presents when Emilie took a break to let her dogs out to use the bathroom. She noticed low dark clouds in the sky and called Brandon to look. Immediately, Brandon recognized it as a tornado and they rushed to find shelter. They drove as far from the storm as they could, but eventually winds grew too strong so they followed the lead of a car in front of them and pulled over to hide in a ditch.
When they returned home, there was not much of a home left. Emilie described it as though a bomb had gone off where her house once was. 3 of the 4 dogs left behind were fine, with no harm done to them, but the fourth dog, Jeb, a 220 pound English Mastiff was nowhere to be found. They searched the area but could not find him. So Emilie turned to Facebook where she wrote a post pleading for help in case anyone saw her four legged family member.
Within a mere day, the post was shared more than 12,000 times and this alone amazed the Walter family. Jeb made it home shortly after, with just some minor cuts and bruises. But the Walter family remains in awe of how willing the community and complete strangers on social media were to come together and help even among their own hardships.