There are not many people who go on Twitter rants for more than a few hours. So it is quit a surprise with early Uber investor Shervin Pishevar when on an incredible 21-hour Tweetstorm. During that time, Mr. Pishevar talked about everything from the future of the United States stock market to the world of cryptocurrency and the future of Silicon Valley. Below are some of the more notable tweets from the 21-hour tweetstorm
The U.S. Stock Market Will Dive into Bear Territory
The first big prediction from the Shervin Pishevar tweet storm had to do with the Dow Jones Industrial Average. In particular, Mr. Pishevar predicted that the Dow would fall into bear territory for the first time in a decade. Well, it turns out that this prediction was 100% accurate. After making the prediction in late 2017, the Dow fell by over 20% less than 12 months later.
Bitcoin Will Crash to Unprecedented Levels
At the time of the tweet storm, Bitcoin was sitting at the $20,000 level. Many people were caught off guard when Shervin Pishevar predicted that the world’s largest cryptocurrency would fall by up to 90%. This prediction also turned out to be accurate when Bitcoin crashed to the $3,000 level before recovering to the $4,000 level.
Silicon Valley Will Find Some Competition
Later on during the tweet storm, Shervin Pishevar talked about his hometown – Silicon Valley. In particular, Mr. Pishevar believes that future start-ups will base themselves in less expensive parts of the world and work remotely with the vendors and clients. It’s still too early to tell if this prediction will come true. However, there are more tech start-ups emerging in other parts of the world.
American Infrastructure Is Not Keeping Up With the Chinese
Finally, Shervin Pishevar talked about the state of American infrastructure. Mr. Pishevar believes that the U.S. is continuing to fall behind China. The Silicon Valley executive pointed out the fact that China is able to build large public works in mere hours while the U.S. can take years to complete one simple road improvement.