Category Archives: Bitcoin

One Year After Shervin Pishevar’s Ominous Tweet Storm

Shervin Pishevar has dedicated his life to establishing high tech ventures. He was crucially involved with Uber, AirBnB, PillPack and other well-known brands that sprouted in Silicon Valley. Thus, he has 91,000 Twitter followers. Those followers witness an unexpected tweet storm in early February 2018. Pishevar launched it after the Dow Jones Industrial Average experienced its worst one-day point decline.

Warning

In the spree’s first tweet, Shervin Pishevar stated, “I expect [sic] 6000 point drop in aggregate in [sic] months ahead.” Pishevar then supported his position via 50 tweets in 21 hours.

Opinion

Drawing from over two decades in Silicon Valley’s ecosystem, Pishevar spent a section of his tweet thread reiterating his stance about the locale’s physical boundaries. Since publishing an essay on the topic in 2009, Pishevar has regularly repeated his position that Silicon Valley is an idea, not a place. He holds that the United States does not have the tech innovation sector locked in a box and that commercial and governmental leaders should appreciate that fact when they make decisions related to the sector.

Revelation

To drive home his point about his home country losing its grip on his hometown, Shervin Pishevar tweeted a link to a news piece about a 1,500-worker crew in China who erected a municipal train station in one night. In a subsequent tweet, Pishevar wrote, “Meanwhile, our infrastructure is in tatters, decrypt [sic] and decaying.” He then criticized leaders’ short-sighted visions.

Recommedation

Near the tweet storm’s end, Pishevar discussed the tech world’s Ma Bells, which are Alphabet, Amazon, Apple, Google and Microsoft. He detailed their ability to crush new competitors by simply acquiring them. “Small acquisitions are silent assassinations,” he wrote. Pishevar believes that, like the phone company and Standard Oil before them, those five tech giants should be broken into many small companies, which he forecasts would unleash unparalleled innovation.

To date, the nation’s leaders have apparently not heeded Shervin Pishevar’s warnings and remedies. Given that the Dow actually fell more than 5,000 points in 2018, they should more heavily consider his insights.

http://nymag.com/selectall/2016/10/the-kink-in-elon-musks-hyperloop.html

Shervin Pishevar Returns to Twitter to Predict Economic Demise

The founder of Sherpa Capital, Shervin Pishevar, is back on Twitter. What is being described as a tirade, he released a storm of tweets that lasted 21 hours that predicted the decline if the U.S. economy. This was the first time Shervin Pishevar has used this social media channel in a long time.

He predicted Bitcoin would drop in value. He said it would drop in value to about “5K” before stabilizing and eventually rising again, although at a slow rate. Other predictions included a drop in the stock market, a discussion that included more than a dozen tweets. Shervin Pishevar said it would fall by 6,000 points as a result of increased interest rates, rising credit account deficits and tax cuts without matching cuts in benefits. He wrote about 22 tweets (including an item announcing a dinner break) regarding the pending drop and said volatility is just one sign investors will seek the safety of gold over the stock market.

One factor influencing market volatility is indecision in Washington, according to Shervin Pishevar. The announcements of trade deals are causing much of the turbulence and he predicts the bond market will attempt to rescue the economy but will fail.

Shervin Pishevar went on to unleash a number of other theses that followed a coherency that reflects his train of thought. Among the predictions was Silicon Valley’s loss of control as the stronghold of tech innovation. He refers to immigrant talent, which does not have to choose Silicon Valley because entrepreneurship is “borderless.” Thus California is no longer the go-to for new tech. Another prediction is that China will move ahead with the ability to do things like construct a train station in nine hours while “our” infrastructure is in “tatters.” He also predicts there’s not enough room for new startups as large companies like Amazon take over the economic landscape.

https://www.youtube.com/watch?v=GdIlKLX5Pn8