After a period of remaining relatively quiet on Twitter, famed technology investor Shervin Pishevar unleashed a tweetstorm for the ages recently. He blasted out opinions on the stock market, cryptocurrency, rideshare companies and myriad other topics in a 21-hour marathon.
The online screed encompassed a total of 50 tweets in one remarkable sequence. Although the tweet storm covered a wide range of subjects, a prediction of an imminent decline in the United States economy emerged as an overriding theme.
Shervin Pishevar made his name and fortune as a Silicon Valley angel investor and venture capitalist. He achieved impressive scores with early stakes in companies such as Airbnb and Uber. In his latest big wager in the technology investment field, he is backing Hyperloop One, which aims to revolutionize high-speed transportation and shipping. His opinion on financial issues carries a lot of weight within the tech investment community.
In his lengthy tweet storm, which grabbed the attention of financiers from Silicon Valley to Wall Street, Shervin Pishevar had dire words for anyone bullish on the nation’s financial markets. He projected a massive drop of 6,000 points in the Dow Jones industrial average in the coming months. He predicted the big decline will be driven by a wide variety of factors, including the national debt, interest rates and tax loopholes. In his opinion, federal government bonds and real estate are currently overvalued as well.
Shervin Pishevar also criticized the economy’s reliance on quantitative easing, a process by which the Federal Reserve introduces new capital with the goal of sparking economic activity. He believes quantitative easing is no longer effective because it has been used too many times.
In the cryptocurrency sector, he believes the price of bitcoin will settle into a range of $2,000 to $5,000 before rising.
A native of Iran who came to the United States as a youngster, Shervin Pishevar now manages approximately $650 million as the head of Investment company . Other companies he has backed include Postmates, Dollar Shave Club, Slack and Didi.