Shervin Pishevar used Twitter as a means to express some serious concerns he has about the US economy, technology, bitcoin, immigration, and more. This tweet storm lasted 21 hours and was in response to one of the most dramatic drops in the stock market that has been seen in recent history.
One of the things that Shervin Pishevar pointed out in his tweet storm was that he felt like the stock market was going to crash. He says that US citizens should expect to see the stock market go down an aggregates 6,000 points in the next year. He feels like this will occur because of increasing credit account deficits, rising interest rates, and increasing tax giveaways. He says that people should expect to see the government use quantitative easing to stabilize the market. However, he warns that no one should be fooled by this tool because it has been used too many times in the past. He says that bonds are not what they used to be.
Shervin Pishevar is especially well-known in Silicon Valley. That’s where he got his start and has made his fortune. In his tweet storm, he said that Silicon Valley is no longer a physical place but an idea that’s gone viral. Entrepreneurship is not something that just helps people fulfill the American dream. He says that it is a movement and has become borderless. The United States builds physical walls to keep out immigrant talent, but immigrant talent no longer needs to come here. Frictionless innovation is flourishing in other countries, which is good for their economies. However, it is not good for the economy in the United States.
Toward the end of his tweet storm, Shervin Pishevar had some grim predictions for financial and governmental institutions. He says that they are facing a reckoning of irrelevance that is only seen every 1,000 years. The shift is going to be the result of a revolution in stateless digital currencies. Nowadays, if a person wants to start a company, they can choose their currency. Currency is the ultimate app. Shervin Pishevar sees a possible expansion in entrepreneurship because of digital currencies and ways to raise funds.