In today’s world, it seems as if everyone has an opinion, especially when it comes to money and smart ways in which to invest. However, while many people’s opinions carry little if any weight, the opinions of Shervin Pishevar are looked at and listened to very closely. One of the founding investors of Uber, as well as a venture capitalist whose name is known worldwide, he recently took to Twitter to express his thoughts, viewpoints, and predictions on numerous aspects of the United States economy, and the results left many people stunned and surprised.
One of his first subjects was the U.S. stock market, of which many people currently have complete confidence in its ability to keep moving forward at a fast pace. However, Shervin Pishevar believes a bubble is about to burst, and when it does many investors may be caught by surprise. Because of this, he forecasts a drop in the market of perhaps 6,000 points or even more, which he believes will be the result of a bond market that has become much too volatile for its own good. To counter this potential drop, Shervin Pishevar believes most investors would be wise to pull out of stocks and instead invest in gold, which has a price that is rising almost daily.
And for those executives in Silicon Valley companies, Shervin Pishevar believes they too are in for a tough road ahead. Even though these companies have in essence set the standard for high-tech around the world, he sees international companies in China and other nations taking over the top spots in high-tech in the years ahead. To counter this, he urges Silicon Valley to quit resting on its previous successes, and instead find a new sense of urgency that will result in state-of-the-art innovation and excellence.
Finally, Bitcoin is also on his list of potential economic problems. According to Shervin Pishevar, this currency will fall several thousand points in value, leading investors to think all is lost. However, unlike other aspects of the national and international economy, Shervin Pishevar sees Bitcoin recovering nicely in the coming months.