Shervin Pishevar took everyone by surprise in his recent tweet storm on February 2018, after having been inactive on the platform for about three months. Shervin Pishevar is a venture capitalist and also an angel investor. He is the co-founder of Virgin Hyperloop One and Sherpa Capital. He has managed to create a name for himself because of his successful investments and viable advice on financial matters. That is why his 21 hour-long tweets grabbed so much attention.
One of the topics that he handled regarded cryptocurrencies, particularly Bitcoin. In the recent past, cryptocurrencies have been the talk of the streets. They have received both positive and negative reviews, and many people have not quite embraced the concept of cryptocurrencies. Bitcoin itself is an unregulated currency that is different from centralized banks and paper currency.
According to Shervin Pishevar, investors have taken a deep interest in Bitcoin because of the current state of the U.S. economy and the decline of the dollar. Shervin is an ardent supporter of Bitcoin. This is evident in one of his tweets where he mentioned, “Era of cheap money is dead. Inflation spreading, stock markets crashing, underemployment hardening into systemic economic stasis.” As the level of inflation continues to rise, the dollar declines in value. This has forced investors to jump into other viable options such as buying gold and investing in Bitcoin.
Shervin Pishevar went ahead to tweet, “Gold will rise in response. Bitcoin will continue to crash but stabilize at 2-5k range and begin a more stable rise over next 24 mo’s.” Bitcoin is still volatile at the moment, but Shervin Pishevar expects that it will stabilize in the next 24 months. If this prediction comes to be, it will create a global economy that will make transactions much easier.
This is actually the transformation that we have been waiting for. Pishevar noted that “Founders are stateless, boundary-less capable of raising capital from completely new financial instruments like cryptocurrencies.” Bitcoin might help to create better opportunities in the future, including the formation of more startups. Shervin Pishevar expects change to come by, and he supported this when he tweeted “Money as a platform. Currency as the ultimate app. Dwarfing any historic valuation creation. Without precedent.”
The technology and investment specialist, Shervin Pishevar has been strangely silent in recent months for a man well-known for being forthcoming with his opinions. However, the early investor in Uber and former head of the Virgin Hyperloop One project returned to the Twittersphere with a vengeance when he embarked on a 21-hour outburst about a range of different economic and political subjects. Among the ground covered by Shervin Pishevar were his thoughts on the state of the U.S. economy, infrastructure projects, and the importance of cryptocurrency in the near future.
Cryptocurrency has been a subject close to the heart of Pishevar in recent times and his latest prediction showed his deep understanding of the history and future of the Bitcoin market. The current state of the Cryptocurrency markets is seen as an issue with a sudden crash already underway for Bitcoin; the crash will be followed by a market offering less volatility and a steady rise in value for the next 24 months.
The 50 Tweet marathon of messages included some scathing words for politicians in Washington D.C. by the member of the J. William Fullbright Foreign Scholarship Board who sees the failure to secure trade deals as a problem for the bonds market. During the barrage of Tweets, Pishevar predicted more than a 6,000-point drop in the U.S. markets would be followed by the Bond’s Market attempting to rebound quickly. A lack of new foreign trade deals as the U.S. ignores its traditional allies and trade partners would leave the Bond’s Market with few partners remaining to deal with.
Turning his attention to what Shervin Pishevar described as the crumbling infrastructure of the U.S., the friend and business partner of Elon Musk and Sir Richard Branson singled out the two entrepreneurs for praise. However, the Tweets of Shervin Pishevar then stated those working on infrastructure projects who ridiculed the work done by SpaceX and Virgin Hyperloop One were short-sighted about the work being done by a small group of hard-working professionals.
As the price of Bitcoin keeps dropping, many people are beginning to put stock into the grim predictions of entrepreneur Shervin Pishevar. Over 2 days in early February, Shervin Pishevar took to Twitter to deliver his thoughts and opinions on the economy both in the United States and globally.
Delivered through 50 tweets, the 21-hour tweet storm left a lot of people shaking their heads. With predictions from the crash of bitcoin to the rise of China, there were a lot of concerning and controversial topics covered during Shervin Pishevar’s rant. The early investor in Uber has been correct in many of his predictions in the past so many aren’t taking what he’s saying lightly.
One of the huge concerns that were addressed in Shervin Pishevar’s Tweet storm is the problems with the infrastructure in the United States. For decades residents of the US have spoken about the crumbling infrastructure such as bridges and roads along with the problems in public transit that plague many cities. He brings up an example in China where they managed to build an entire train system in just 9 hours due to proper planning and execution. With efficient construction times like this, it’s difficult to understand why many of the US infrastructure projects tend to take months and sometimes even years to complete. While other global powers are focused on long-term goals, the United States and their businesses are stuck only focusing on the present and immediate future by only thinking in the short term.
He does later go on to explain that there are exceptions to the rules, but they are very rare. Shirven Pishevar brought up Elon Musk and the great success he has had with the Space X and Virgin Hyperloop programs.
Due to the US’ obsession with short-term prospects, projects on these scales are generally hard to get off the ground as many companies lack the willpower needed for them to succeed. To keep the US from crumbling in the future, action needs to be taken now.