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.
This month, the Dow Jones reversed all of the gains that were made in the early part of the year. While this has prompted some panic amongst investment circles, proponents such as the President of the United States, Donald Trump, have remained steadfast in their support. The co-founder of Virgin Hyperloop One and Sherpa Capital, Shervin Pishevar, hails from a completely different school of thought, and in a recent return to Twitter, discussed his predictions regarding a bleak outlook for the future of the Dow. In his estimation, the Dow Jones is all set to suffer a significant loss ranging in the thousands, which will occur in the months ahead. This prediction seemed all the more real when, just one day after taking on the entirety of the Twitter business world, the Dow Jones proceeded to lose over 1000 points. Bonds and industrials vacated their safety nets amidst the large-scale sell-offs and underperforming treasury auctions. Over the course of the 24-hour spree, Shervin Pishevar also discussed the state of entrepreneurship and innovation in the United States.
In recent years, Silicon Valley has been home to many of the world’s foremost tech companies, but, according to the startup connoisseur, its ideas are no longer confined to its physical location. Countries all over the world have begun implementing a culture of entrepreneurship, and with the addition of stateless digital currencies, innovation has become a “borderless” commodity. Many minds that would have formally uprooted their lives to relocate to the United States are now staying put in their home countries, while also harvesting their own talent. Shervin Pishevar believes that Silicon Valley is no longer a must-have, and to go with this, is the fact that the five unicorns existing in America today, are doing their part to strangle homegrown innovation. Companies such as Alphabet (Google), Apple, Amazon, Facebook, and Microsoft, are all titans in their respective industries, yet, in recent years, they have begun acquiring smaller companies at a record pace, which grows their own brands, but makes it nearly impossible for competition from the ground up. This same strength will eventually lead to their fall according to Shervin Pishevar.