Most People spend a few minutes per day using Twitter. On February 5 and 6, 2018, Shervin Pishevar spent 21 hours. He was prompted by early-February’s unsteady American stock-market returns. Through 50 tweets, he shared his thoughts and visions, excluding the tweet in which he said he had break for dinner!
Stunningly, Pishevar opened his tweet storm by saying that the Dow Jones Industrial Average would cumulatively lose 6,000 points during 2018. Such a loss would consume over 20 percent of the index’s record closing value on January 24, 2018, which was 26,252.12 points. Pishevar then gave the reasons behind his predictions.
He noted that interest rates and credit deficits are rising, and he commented that recent federal-tax giveaways make little sense without related cutbacks in government services. Further, Pishevar warned that the total valuation of inverse exchange-traded funds is a new Great Recession waiting to happen.
Additionally, Shervin Pishevar predicted Bitcoin would lose up to 85 percent of its value before equalizing somewhere between $2,000 and $5,000. Those who foresaw Bitcoin as a grand-slam investment will have to wait through slow, steady growth, instead. Pishevar also said that cryptocurrencies will revolutionize entrepreneurship, nonetheless.
Cryptocurrency makes entrepreneurs stateless, he said. While Silicon Valley was once only a place, Pishevar tweeted that it is now a viral idea. Able to move more freely, today’s innovators are peeling away Silicon Valley’s competitive edge.
Shervin Pishevar also wrote that American immigration policies are exacerbating the tech hub’s problem. “But while we build walls (that) keep out immigrant talent, that talent doesn’t need to come here anymore,” he tweeted. Further, while examining America’s ability to compete, he said, “Our infrastructure is in tatters.” Meanwhile, competitors like China have copied the American entrepreneurial spirit and married it to more-modern, frictionless commerce systems to finish major projects like train stations in nine hours. Refer to This Article for more information.
Finally, Shervin Pishevar tweeted that a revolutionary economic shift awaits on the horizon. In response to that shift, the United States can either catch up to the world and compete, or it can continue isolating itself and languish.
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