If you are Shervin Pishevar, you don’t have a lot of optimism about the economy in the near future. That is what the average person would believe after reading tweets posted over a period of 21 hours in February.
Shervin Pishevar Likes Gold Over Bitcoin
The stock market is going to drop 6,000 points while the price of Bitcoin is going to drop to $2,000 according to Shervin Pishevar. This will cause a lot of volatility in bond and currency markets. Therefore, he believes that the price of gold will go up as people look for a safe haven to put their money.
Silicon Valley Is No Longer a Leader
Silicon Valley is no longer the place to go when you want to start a new company. Instead, you could simply start a company wherever you happen to live in the United States or abroad. According to Shervin Pishevar, Uber may be the last company created from scratch that will grow into a mature organization. Over the next several years, companies like Facebook and Amazon will retain control over much of the American startup landscape.
America Lacks Vision
Pishevar believes that America lacks the vision necessary to remain the leading economic power in the world. At some point, China is going to bypass the United States and take over that role. This is because the United States tends to think in the short-term while the Chinese and others have adopted a longer term strategy. Ultimately, a lack of infrastructure will cause the American economy to weaken and become less stable over time.
Elon Musk Will Overcome
If there is anyone who will succeed despite the turbulent market ahead, it is Elon Musk. According to Pishevar, Elon Musk’s SpaceX will be among the companies that will innovate and be an corporate leader in the United States.
It takes a special kind of person to say that the economy is headed in the wrong direction when the stock market continues to climb to record highs. You are talking about a person who is not afraid to put his or her reputation on the line. That is exactly the kind of person that Shervin Pishevar really is though.
Shervin Pishevar has already put his reputation on the line when he made a series of early investments in AirBnb. It was not a conventional investment at the time. There was a lot of risk involved. Still, Shervin Pishevar saw this as a golden opportunity to make some money on his money and he took it. That paid off well for him.
These days Shervin Pishevar spends more time talking to the public on Twitter than he does worrying about uncovering the next big thing. He still spends a fair amount of time doing both to be honest. However, the tweets are what has grabbed the attention of people as of late.
Pishevar had been absent from Twitter for some time when he hopped back on with some ideas about the stock market. He called for a twenty percent reduction in prices across all of the major indices in the near future. He says that they need to come off at least that much to get anywhere close to being at fair value. Even at those prices there may be some more room to drop, but Pishevar would take those prices as a start.
Adding on to his thoughts on these subjects is the fact that Pishevar believes firmly that the price of Bitcoin is also too high. He would like to see a pullback in those prices because he feels that people have gotten too excited about the value of Bitcoin as well in recent years. He wants people to have excitement about investing to be sure, but he wants them to be excited about the right kinds of investments. Unfortunately, he does not see Bitcoin as something that falls into that category.
Not everyone agrees with everything that this man has to say. Still, he is a voice worth considering when the topic is investing or economics. He has done a fair bit of work in his personal life to prove that he has some knowledge on these topics.