Back in February 2018, Shervin Pishevar, surprised all of his followers on Twitter by going on a rant that lasted almost a full day. He has always been someone who didn’t keep to himself when he had opinions, so it’s not really a big surprise that this Uber investor and venture capitalist went on a Twitter “Tweet Storm” that included tweets on a multitude of subjects. The subject matter of his tweets ranged from SpaceX to Bitcoin predictions.
Shervin Pishevar- Tirade On Everything In Business
Before this recent storm of predictions on Twitter, Shervin Pishevar had not been heard from much since the middle of December. It was around that time that he had posted a public letter about himself resigning due to the fact that he was being accused of sexual harassment by someone in his company. He felt that he needed to resign at the time in order to save the success of this company, Sherpa Capital.
Prediction Of Stock Market Decline
Like stated earlier, Shervin Pishevar decided to dish out many opinions about different topics. A couple of the topics he spoke about included currencies and the stock market. Predictions about the stock market he made claimed it would drop by 6,000 points or more in the coming months. One of the reasons behind this prediction is that he believes the volatility in the bond market was going to have a rippling effect through the rest of our markets.
Another prediction that Shervin Pishevar made during his Twitter rant was about Bitcoin. He believes that the crash from Bitcoin is long overdue and wasn’t going to end anytime soon. He believes the era of cheap money has died and that inflation is going to spread. This is what he believes is going to crash the Bitcoin currency and create the crash of the stock market by 6,000 or more points. He also said that because of the Bitcoin crash, gold is going to rise. Shervin truly believes that our economic infrastructure is in danger and our government and the companies in our country are trapped in what he calls short-term thinking.