When Shervin Pishevar takes to social media, it is often to convey his ideas and feelings about upcoming economic trends, which, because of his immense success as a venture capitalist, usually grants him a significant audience. His absence from public view amid a number of concerns at his venture capital firm, Investment company, did not go unnoticed, but his return, which consisted of 21-hour “tweetstorm,” did enough to justify his recent silence. During the 21-hour span, which saw him only take a break to eat dinner, Shervin Pishevar discussed the future financial climate of the United States, as well as several startling projections concerning the stock market, Bitcoin, and Silicon Valley’s fall from grace. It was his take on the stock market, which described a future loss of 6000 points, that stood out amongst the 50 tweets.
While President Donald Trump, as well as a multitude of other prominent public figures, have consistently supported the trajectory of the stock market, Shervin Pishevar, known for his uncanny investment ability, has taken a different stance. Immediately prior the tweetstorm, the stock market had begun erasing the gains made in the initial part of 2018, and as Treasury auctions continue to suffer, as well the prospect of continued rising interest rates and credit account deficits, things have not taken the same path as what was seen during 2017. Shervin Pishevar took the time to address the “Cheerleader in Chief’s” staunch support of the stock market by delivering the message, “President’s should not be cheering the stock market,” while also devising the hashtag, TrumpDump, leaving no room for misinterpretation regarding his own perspective.
Bitcoin, which has been the most hotly discussed cryptocurrency in existence, was also a major point in Shervin Pishevar all-night digital diatribe. While many investors jumped off of the Bitcoin train amid massive losses that directly followed massive gains, the co-founder of Virgin Hyperloop One feels that the leading cryptocurrency is due to regain and maintain its stability. While this rise will not follow the course seen in 2017, if Shervin Pishevar proves to, once again, be correct, the next 24 months will be crucial to the growth of Bitcoin, making for an enticing investment.