It seems like a week doesn’t go by without a big time business executive getting himself into trouble with a tweet or a series a tweets. Well, it will certainly be hard to top what Shervin Pishevar did recently on Twitter. The early Uber investor went on an epic 21-hour tweet storm. And the Silicon Valley titan commented on everything from the US economy to technology companies to Bitcoin. Below are five of the boldest prediction made by Mr. Pishevar.
The Dow is Headed Down, Down, Down
Let’s call this prediction a pretty solid potential win. Back when the Dow was making new highs, Shervin Pishevar predicted that the Dow Jones Industrial Average would fall into a bear market. Everyone thought he was crazy. But by the end of 2018, the Dow is negative for the year. And now many Wall Street pundits are predicting a bear market.
This is a 100% win for Mr. Pishevar. In late 20018, Bitcoin was sitting pretty at around the $20,000 mark. Some experts were predicting that the granddaddy cryptocurrency was headed to $1 million. But not, Mr. Pishevar. He predicted that Bitcoin will crash to around $5000. And guess what? Bitcoin did make that 75% fall in less than a year.
A big prediction here. Mr. Pishevar believes that new start-ups will bypass the pilgrimage to Silicon Valley and start their companies up everywhere else in the world. These companies will then work remotely with engineers, clients and vendors. It’s too early to tell but Mr. Pishevar made be on to something.
Read more about Shervin Pishevar at Bloomberg.com.
Uber is the Last Big Tech Company to Make It
Shervin Pishevar believes that big tech companies like Apple, Amazon and Google are too powerful and stifling competition. And he further believes that Uber was the last big tech start-up of this era. So far, this prediction appears to be coming true.
The U.S. Is Falling Behind When It Comes To Infrastructure
Shervin Pishevar is dead right with this tweet. The fact is, China is building entire cities from scratch while the United States struggles to update their bridges and roads. Only time will tell if the U.S. and China will continue to widen the infrastructure gap.