When it comes to the U.S. economy and what will happen in various areas of it, there are always many individuals eager to make predictions. However, when a well-respected venture capitalist such as Shervin Pishevar lets loose on a number of economic predictions, people sit up and listen. This happened recently during a 21-hour tweet storm, in which Shervin Pishevar made a number of interesting predictions regarding various facets of the national economy.
Beginning his tweet storm with his thoughts on the U.S. stock market, Shervin Pishevar gave many investors food for thought when he predicted a drop of 6,000 points for stocks in the coming months. Believing volatility in the current bond market will precipitate this drop, he also predicted that for investors looking for a safe haven for their money, gold and other precious metals may be the answer. According to him, those investors who pull money from stocks and invest instead in metals will be rewarded over time.
After his stunning prediction about the stock market, Shervin Pishevar made more fascinating predictions about the companies in Silicon Valley. Predicting their best days are now behind them, he predicted foreign competition from China and many other nations will surpass Silicon Valley companies when it comes to strategic planning, marketing, research and development, and recruiting top IT talent. While these predictions paint a very dark picture for Silicon Valley, he did predict that if these companies choose to become very aggressive in the above-mentioned areas, it may be possible for them to once again be the high-tech leaders worldwide.
And just when many people thought the tweet storm was finished, Shervin Pishevar came back with even more predictions, this time about virtual currency Bitcoin. Like the stock market, he sees a sharp drop in value for the virtual currency, perhaps by up to $5,000. However, while he predicts stocks will take a significant amount of time to rebound from their losses, Shervin Pishevar predicts Bitcoin will rebound much quicker, and in fact grow in value over the coming year, making investors who stay the course quite happy and wealthy.