Back in February of 2018, Sherpa Capital founder Shervin Pishevar went on a 24-hour twitter rant where he expressed his views and opinions, to say the least. In this Twitter rant, he went over things like the stock market, our nation’s crumbling infrastructure, and bitcoin. Most of the things he said were not factually based at all. Instead, they were just opinions that he had come up with. In this article, I am going to be going over a few of his opinions and what I think of them.
Starting off the Twitter rant, Shervin Pishevar basically stated that within the coming months the stock market was going to drop 6000 points. First of all, no one can accurately time the market. Not even the best economists and investors around the world can. People like Peter Schiff and others have been warning a recession for the past three years now. This just goes to show that people just don’t know when it is going to happen. Plus, you should never try and time the market. At that point, you are just gambling. In the end, invest in the S&P 500 or a solid mutual fund with a proven track record and you should be good over the long run.
Next, Shervin Pishevar stated that Bitcoin would continue to crash to the two thousand dollar range and then start to recover. If you know nothing about bitcoin or cryptocurrencies in general, just know that the whole market is based around speculation. In other words, the price is always based on what people believe it is worth. When everyone that wants to get into that investment eventually gets in, it can’t go any higher which is when it crashes. In my opinion, bitcoin and blockchain are still very new to this world. It is really hard to say how they are going to react given the market that they are in. I don’t actively follow Bitcoin so I don’t know what happened. In the end, Shervin Pishevar is entitled to his own opinions and views. I just do not agree with most of them.