Shervin Pishevar, well-known as an early investor in Uber, recently went on a tweet storm that lasted a full 21 hours. Known as a man of many words, has remained quiet lately until his recent, and some say bizarre, tweet marathon. In December of last year, Shervin Pishevar announced he was resigning from Sherpa Capital.
When the markets suffered a sudden drop back in February, Pishevar tweeted out 50 points as to why he believes U.S. markets will drop 6,000 points over the course of the year. He also predicted that bitcoin will drop to between $2,000-$5,000. He also talked about SpaceX and immigration laws.
How can I help you?
— Shervin Pishevar (@shervin) July 13, 2018
Shervin Pishevar started by tweeting that he would explain in detail why he expects markets to drop by 6,000 points. However, after the initial tweet, he started tweeting about how the death Silicon Valley is on the horizon. Afterward, he moved on to explain that his opponents are “out to get him,” and that he will not allow them to drag the success of Sherpa Capital through the mud. On the flip side, he did outline some predictions for the U.S. economy. Here are some of the quotes from Shervin Pishevar.
“The markets will see a ripple effect with strong volatility in bonds.”
“The bitcoin crash will continue.”
“The stranglehold California has on tech and innovation is at an end.”
“The U.S. is poised to lose China and other countries, specifically in infrastructure.”
“The biggest companies will continue to have the power as startups in the U.S. fall.”
He also believes that volatility indexes and managed funds are primed for failure. He also went on to explain how the U.S. economy and global economy are separate entities and how the U.S. economy’s “isolation” makes it impossible to sustain any upward trends. He also tweeted that Google, Apple, Amazon and Microsoft are now monopolies.