When most celebrities take to Twitter, they talk about their feelings or what kind of dress they are going to wear to the next big gala. They might also post pictures of their children or their opinions on a new social justice issue. However, Shervin Pishevar, an investor and entrepreneur who has had enormous success in reading the markets and seeding successful companies, recently took to Twitter to let his readers know that the U.S. economy is headed straight into the toilet.
Shervin Pishevar has made several predictions of the U.S. economy before, but none have been so bleak or so involved. Pishevar made all of his statements over a 21-hour period of time, and he covered several topics including the markets, inflation, commodity prices, technology, global trade, world superpowers, and even bitcoin. He left nothing to the imagination and let everyone know exactly what he thought would happen in the next decade.
One of the most worrisome things that were posted was that the markets would see a sharp decline in the next year, dropping over 6,000 points. He claimed that this would bring on inflation and a sharp rise in gold prices. He also stated that, due to uncertainty in Washington around some major global trade agreements, the United States may not be able to export their inflation any more to its trade partners, creating issues for everyone.
Shervin Pishevar also stated that technology is now borderless, and innovation cannot be limited to one certain place. With this said, he moved on to say that Silicon Valley has dried up as far as innovation concerned, and they no longer have a competitive edge. This means that the center of technology is about to move somewhere else, possibly outside of the United States.
One thing that Pishevar did mention as well was that bitcoin would also see a sharp drop off in price, coming off of its $20k-high in 2017 and keep dropping until it hit about $2k.
Shervin Pishevar has spent the majority of his life reading the markets and determining how trends around the world would affect his prospective investments. He knows what he is talking about, and we should consider this as he makes more predictions for the future.