Many people were astonished recently as Shervin Pishevar went onto his Twitter account to go on a rant that lasted almost a full day. For those that are already familiar with him, they know that he is not one to shy away from speaking out. However, he had been hiding away since December after leaving his company, Investment company.
In February, Shervin Pishevar made countless tweets regarding his opinions on the state of the economy, bitcoin, SpaceX and many other topics. Some of his forecasts about the future seem far-fetched. Others seem to be holding a little bit of truth to them. His very first tweet during this long rant was regarding the stock market. He was forecasting the drop in the stock market by over 6,000 points in the coming months.
Bye-Bye Silicon Valley
Another of his famous tweets during his rant had to do with Silicon Valley. He believes the area has effectively lost its edge in competition. There are other venues where people from all over the world can be entrepreneurs and create their own start-ups. Shervin Pishevar believes that it is no longer a physical place and that Silicon Valley is now a term for “border-less entrepreneurship.”
Another tweet during his rant had to do with the fact that the bitcoin crash was far from over. Shervin Pishevar thinks that the “cheap money” fad is about over and inflation is going to begin spreading like wildfire. On top of the stock market and bitcoin crash, he also believes that the underemployment numbers are going to be leading us into an economic stasis. Aside from all of the bad things Shervin Pishevar feels is going to be happening in the near future, he did leave things on a single positive revelation. He thinks that in response to everything else, gold values will go up.