As one of the world’s best-known venture capitalists, entrepreneurs, and businessmen, Shervin Pishevar has plenty to keep him busy each day. Yet despite this, he regularly takes to Twitter to express opinions on matters he deems important to the world economy. Thus, to those who follow him, it was no surprise when he began expressing opinions on such aspects of the economy as stock markets, virtual currencies, and technology. However, what did surprise most people was the fact he spent nearly 21 hours discussing these topics, as well as making many surprising predictions along the way.
Keeping his Twitter followers on the edges of their seats throughout the tweet storm, Shervin Pishevar began by predicting precious metals would play a big part in the portfolios of many investors in the months ahead. Predicting stock values would decrease by well over 6,000 points, he urged investors to trust in gold and other metals as a way to maintain portfolio values. Believing volatile bond markets would lead to the crisis, he predicted it would take many months or even more than a year for the market to recover.
After this startling prediction, Shervin Pishevar next gave his thoughts and predictions about technology and Silicon Valley. While he has great respect for many Silicon Valley companies, he also predicted a steady decline would occur in Silicon Valley over the coming year. Citing China as one nation that has surpassed Silicon Valley in research, business strategy, and employing the most talented individuals in the IT industry, he predicted Silicon Valley has many tough years ahead.
Once finished discussing his predictions about Silicon Valley, Shervin Pishevar neared the end of his tweet storm by making many interesting predictions about Bitcoin and other virtual currencies. Just as he predicted stocks would lose significant value, he did the same for virtual currencies. But unlike stocks that he predicted would take months to recover, Shervin Pishevar predicted Bitcoin would bounce back with a vengeance, increasing in value much quicker than stocks. In fact, he predicted investors who turned to virtual currencies would see tremendous returns on their investments.