The Twitter-Rant Of Shervin Pishevar: Prophetic Or Just Blowing Of Steam?

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Iranian-born American entrepreneur Shervin Pishevar made a name for himself as a venture capitalist backing such mega-hits as Uber, Airbnb and Munchery. So when a player such as this goes on an epic 50-message Twitter rant — people tend to pay attention.

 

Much of what Shervin Pishevar had to say was dire and disturbing, although perhaps blunt, matter of fact and sobering. For example, he suggested that the stock market. is overvalued and is due for a significant downward correction in coming months.

 

He blames volatility in the bond market, which he says will ripple through the entire market. Part of the reason for that, he says, is the extreme uncertainty the Trump Administration has fostered in trade deals with foreign partners. No one knows who the next tariff will fall upon or which world leader will draw the ire of the president.

 

Shervin Pishevar also predicted continued instability in Bitcoin values. He thinks the cryptocurrency will plunge in value in coming months, but then recover. In the meantime, he said “gold will crash,” although he expects Bitcoin’s long-term outlook to be more stable. He think Bitcoin will be valued between $2,000 and $5,000 after it stabilizes.

 

One of the most gloomy predictions to fall out of the epic Twitter-storm of Shervin Pishevar was the decline of Silicon Valley — or at least its loss of dominance. He said Silicon Valley has become more a “state of mind” than a a geographic location or identity. Competition is on the rise in other parts of the globe.

 

Shervin Pishevar had harsh words for America’s willingness — or unwillingness — to invest in infrastructure. He said that in China they can build a new bridge in one week while bureaucrats in the U.S. require months of paperwork before they can move a single spade of dirt. He said the U.S. government is mired in “short-term thinking” in terms of infrastructure.

 

Certainly, Shervin Pishevar offered up plenty of read meat for debate. No doubt, observers will be chewing on his comments for some time to come. Only time will tell if he is a prophet … or just another bored entrepreneur blowing off steam on Twitter.

 

http://www.phillypurge.com/2018/02/09/shervin-pishevar-21-hour-twitter-rant/