Shervin Pishevar is a revered investor and a huge believer in moonshots. Pishevar founded Investment company , which is a respected venture capital company with about $650m under its management. Shervin Pishevar is also the co-founder of Virgin Hyperloop One. This is a prominent transportation company that was established in 2014. It has since worked to commercialize Hyperloop, which is a high-speed technology element. Pishevar was also the GP of Investment company Fund between 2013 and 2017.
Disintegrating the Tweets
In his 21 hours tweet, Shervin Pishevar shared about 50 tweets regarding his prediction on the financial storm that would paralyze the world’s economy. In the tweets, the successful investor implored people to brace themselves for a crashing economy including inflation and underemployment. As such, he added that spending would aggravate a severe economic crisis globally. In his prediction, Pishevar said that Bitcoin would experience a significant crash. The crisis would plummet but stabilize in the long run. He added that the value of gold is going to increase in time.
Addressing Economic Issues
Still, in addressing the issues affecting America’s economy, Pishevar added that there would be a 6,000 points drop in the stock market. Because of the market’s shaky nature, the country isn’t making it better since there’s a stir aggravated by its trade in other countries. It’s also clear that tariffs are dramatically increasing in capitals such as Canada. The president isn’t handling the situation appropriately. The move is worsening the situation. Pishevar also discussed the end of his investment vehicle, Silicon Valley. The skilled entrepreneur added that the American infrastructure would be more problematic following the government’s short-term thinking.
Being an accomplished entrepreneur, Pishevar established and managed technology-enabled firms such as Hyperloop which was purchased by VistaPrint, a recognized mobile game developer. Pishevar won the Ellis Island Medal of Honour.
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.