As more people in the business world discover the power of Twitter, it has become the main source of communication for many executives. This includes venture capitalist and Uber investor Shervin Pishevar, who only a few months ago took to Twitter to deliver a 50-message Twitter storm that kept people captivated for nearly 21 hours. During that time, he made a number of predictions about the U.S. economy, ranging from dire predictions of the stock market and Silicon Valley to more upbeat thoughts about virtual currencies.
Beginning with the U.S. stock market, Shervin Pishevar certainly made many investors nervous when he tweeted his prediction the market would crash by as much as 6,000 points over several months. Offering an explanation for this that volatility in the bond market would be a leading cause of the decline, he did offer investors hope for how to salvage their portfolios. Rather than continuing to invest in stocks, Shervin Pishevar suggested investors instead turn to gold and other precious metals, which he believes will hold their value during his anticipated crash.
Once he was finished unnerving stock market investors, he turned his attention to high-tech and Silicon Valley. Like the stock market, Shervin Pishevar sees dark days ahead for the U.S. high-tech industry and many of its companies. Predicting Silicon Valley companies had seen their best days, he predicted China and other nations would easily surpass Silicon Valley in terms of innovative, investments in new technology, employee training, and other areas. To once again reach the top of the industry, Shervin Pishevar predicts Silicon Valley will have to invest heavily in research and development, staff training, and recruitment.
Finally, virtual currencies also caught the attention of Shervin Pishevar. Focusing his tweets on Bitcoin, he predicted the currency would drop in value by as much as $5,000. However, rather than urge investors to run away from it as fast as possible, he instead told them to do the opposite. Believing the currency will regain and surpass its current value, he predicted investors who stay with the currency will be glad they did in the long-term.