Have you heard the news about Shervin Pishevar and his recent twenty-one-hour tweet storm? If so, you missed out on a great piece of Twitter history. What happened was that Shervin Pishevar took to Twitter to share his thoughts on a variety of topics related to the economy, technology, and Bitcoin.
All of this might be of very mild interest until you consider the fact that Shervin Pishevar was an early investor in the likes of Uber and Airbnb. He has seen the greatness of companies before most of the rest of us even know what they are. Given his ability for predictions in the past, a lot of people tune in to see what he has to say anytime he makes forecasts for the future.
The first tweet that kicked off the storm was definitely eye-catching. In it, Shervin Pishevar suggested that the Dow Jones Industrial Average was headed for a six-thousand-point correction. That would be a pretty huge downtick, and it would definitely set off alarm bells on Wall Street, in Washington D.C., and throughout the country. However, Shervin Pishevar was not done there.
The man said that he believes that inflation is going to be a primary driver of the downturn in stocks. He predicts that inflation is going to make a return to the United States, and that this could be very problematic for a lot of us.
On Bitcoin Shervin Pishevar suggests that the price will collapse down to between $2,000 and $5,000 per coin in the near future. That will be followed up by a slow and steady rebound over the next two years if you are believing what he is saying. Therefore, it might be the case that not all is lost for those true-blue believers in Bitcoin.
Finally, Shervin Pishevar put out the dire warning that China is outpacing the United States and that this is likely to continue into the future. He talked about how the Chinese recently built a train station in nine hours. Meanwhile, manufacturing and building in the United States has been on the decline. See This Page for related information.
Every bit of the tweet storm was interesting to say the least. It is definitely worth a look.