When it comes to matters of the US economy, not many people can match the knowledge of Shervin Pishevar. He has experience of many years as a venture capitalist and angel investor. He has supported and nurtured some of the greatest startup ideas in Silicon Valley. It is through his efforts and that of others that Silicon Valley exists as a hub for startups.
Recently, Shervin Pishevar went onto a 24 hours tweet storm that comprised of 50 consecutive tweets on the future of the US economy and others finance related topics. In his tweets, Pishevar painted a sad state of affairs for the economy. The decline in growth of the US economy is imminent unless drastic measures are taken. He has pointed out to the drop recorded in the stock market as a good indication of things going wrong for the economy. The market had in a matter of a few days erased all the gains of early 2018. The drop according to Shervin Pishevar would continue until the benefits of 2018 are eliminated.
Apart from the sentiments about the US economy, he also touched on the performance of gold and cryptocurrencies. Shervin Pishevar indicated that gold would rise as a response to the falling stock market and increasing inflation. On cryptocurrencies, Pishevar has noted that bitcoin will see a sharp incline in coming days, but it will first fall to the $2-5k range. Despite the challenges facing cryptocurrencies, he supports their presence in the economy in what he describes as “perfectly efficient and friction-less economy.”
Another point that Shervin Pishevar pointed out is that the Silicon Valley of today has lost its competitive edge to the rest of the world. Pishevar knows the Silicon Valley perfectly well since it is here that he made his name as an entrepreneur by supporting brilliant tech ideas. He has also been part of the team that has supported the luster it has held up to date. He has however pointed out that Silicon Valley is doing a great disservice to itself by ignoring immigrant talent. He believes that the world is now a global village and the country should open up its doors to immigrant talent or risk losing its competitive edge.