As most of us know, the U.S. economy can be the subject of much discussion. Whether it’s the latest jobs report, Dow Jones performance, or other area, those who understand these topics can often lend great insight into what may happen next. Such is the case with Shervin Pishevar, who made many interesting observations on Twitter over a 21-hour period.
A noted venture capitalist and one of the initial investors with Uber, Shervin Pishevar is particularly concerned about the health of the U.S. stock market. While all may seem fine now, he has predicted a drop of nearly 6,000 points in the Dow Jones Industrial Average over the next six months. Citing volatility in bonds and the many unexpected changes that may result from numerous global trade deals, he feels the latest bubble is set to burst.
Along with his stock market observations, Shervin Pishevar also believes Bitcoin is not immune from negative results. As a combination of economic factors merge, such as a rise in inflation, stock market crashes, and a looming underemployment crisis,he feels Bitcoin will drop to a range of $2,000-$5,000, then begin to stabilize. However, as Bitcoin drops, Shervin Pishevar believes gold prices will rise, so he encourages people to look at this very closely.
Finally, one of the biggest surprises that came out of his 21-hour Twitter storm is that he sees the influence of Silicon Valley fading over the next decade. While he still acknowledges the immense amount of technology originating from companies in the region, he sees high-tech as an industry that is now able to be entered into by companies located anywhere in the world. In doing so, he feels not only large nations such as China, but also small companies in lesser-known nations, will rise up over the coming years to take market share segments away from Silicon Valley companies.
As the years go by, it will be interesting to see just how many of the predictions of Shervin Pishevar will come to pass. With his in-depth knowledge of these and other areas, it’s likely some will come to fruition.