In a 21-hour tweet storm, Shervin Pishevar presented his firm opinions about the current and future economic landscape in the United States. The tweet storm first hit social media in February of 2018. While more than one year old, the tweets do present some interesting information and insights. Pishevar is a well-known tech entrepreneur and venture capitalist. His opinions carry weight thanks to his established success in his chosen industry. Pishevar gained much public attention when he became one of the first investors in Uber. Today, the billion-dollar ridesharing company is ready to go public.
Experience and knowledge allow Pishevar to look at the tech industry, the stock market, and cryptocurrency with an educated eye. His fame in the venture capital and tech worlds lead people to follow him on social media. When Shervin Pishevar chooses to give his opinion, many listen intently. The tweet storm likely captured more attention than his normal round of daily tweets.
With 21 hours worth of tweets, an author covers many topics. Some points made with the tweet storm point things out readers might not immediately connect with the overarching topic of the economy. Shervin Pishevar did point out that the United States must take steps to improve its infrastructure. He notes that China does maintain a reliable infrastructure, which can give the country a competitive edge.
Likely, Pishevar’s warnings about potential looming disasters in the stock market sent shivers down the spines of followers. He believes the market could face a 6,000-point drop. Shervin Pishevar also maintains concerns about the stability of the bond market as well.
The stock market and the bond market have not suffered cataclysmic losses. Bitcoin, however, saw a massive decline in value. Cryptocurrency investing gained much hype due to the significant gains some made through virtual money. During the Bitcoin drop, however, losses piled up. The same cannot be said of the stock market, but the potential for a crash always exists. No one can predict with 100% certainty where the market goes.
Shervin Pishevar’s tweet storm does give investors much to ponder. Reviewing his opinions could lead to thinking differently about future investing strategies.