When people go on Twitter and give their opinions on various matters, few people take them very seriously. However, when a world-renowned venture capitalist gets on Twitter and delivers a 21-hour tweet storm, many in the business world suddenly sit up and listen. Such is the case with Shervin Pishevar, who delivered his tweet storm on a number of topics involving the state of the United States economy.
While currently stock market investors believe absolutely nothing can derail the long road of success the market has enjoyed, Shervin Pishevar believes the opposite is about to take place. Citing volatility in the bond market and a gradual increase of investor hesitance regarding certain stocks, he believes the market will experience a drop over the next several months of perhaps 6,000 points. Rather than sit back and take substantial losses, Shervin Pishevar strongly suggests investors pull their money out of certain stocks and instead look to precious metals, particularly gold, for a safe haven as an investment.
Once he finished with the stock market, Shervin Pishevar turned his attention to Silicon Valley. As increased competition has come from overseas within the past decade, especially from China, Shervin Pishevar looks at Silicon Valley companies as ones that need a new sense of purpose and direction. Strongly believing these and many other U.S. companies have become too complacent to retain their spots at the top of the industry, he feels China and other nations, especially numerous African countries such as Nigeria, will outwork and outsmart many U.S. companies in such areas as research and development, marketing, and many others, leaving Silicon Valley reeling from its losses.
And for those investors who feel virtual currencies such as Bitcoin offer an investment opportunity that can’t possibly go wrong, Shervin Pishevar says think again. Believing this currency will drop as much as 5,000 points before it starts to rebound, he wants investors to proceed cautiously in this area.
No matter what happens in the months ahead, it’s clear these predictions will have many people sitting on the edge of their seats whenever the next tweet storm arrives.