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.”