Shervin Pishevar, venture capitalist and technology investor, held a 21-hour tweetstorm in February 2018. Pishevar shared his wisdom and predictions on many different sectors of the economy, including Bitcoin, the stock market, inflation and isolationism, monopolies, and infrastructure. While Pishevar’s tweetstorm was unprecedented, it is necessary to take his predictions seriously. More than one of them have shown to be true over the past several months.
Pishevar predicted that Bitcoin would drop to the $2,000 range and stabilize there. While it has not dropped yet to that extent, Bitcoin prices have gone down significantly. He says that the era of “free money” is over.
Shervin Pishevar also predicted that the stock market would dip in 2018. It has leveled off, but it hasn’t plunged to the levels Pishevar feared. He predicted that a drop in government bond prices would encourage stock prices to drop.
Pishevar criticizes the current administration for its trade deals. He states that an economy which is isolated from the world cannot fully succeed. He also stated that the United States has “exported inflation” for quite some time now. This is a controversial position.
Shervin Pishevar went on to touch on the damaging effect of monopolies on Silicon Valley tech culture. He claims that the five “Modern Ma Bells,” Apple, Alphabet, Microsoft, Facebook, and Google, have damaged the startup landscape by squashing all potential competitors. He warns that these companies are so large that they are as powerful as nation-states. This is a chilling prediction and should be taken seriously.
Shervin Pishevar also speaks of the current administration’s policies on immigration. “While we build walls, physical and cultural, to keep out immigrant talent, that talent doesn’t need to come here anymore.”
Pishevar came down hard on the US infrastructure, a position which has been echoed by the current administration. He praises the agile infrastructure of countries like China, where a new train station can be built in 9 hours.
Shervin Pishevar made fascinating pronouncements during his tweetstorm. His unique position as a venture capitalist enables him to understand the market from the inside. It is worth tracking which of Pishevar’s predictions will come true in the coming months.