If you’ve been following the story of Shervin Pishevar in business and tech news over the last several years, you’re probably aware that as an investor, the tech guru has provided the start-up capital for numerous companies that have become household names, Uber and Airbnb among them. With his company Investment company, Pishevar has shown time and time again that he knows where the smart money is when it comes to supporting new talent.
So when Shervin Pishevar takes to Twitter to share his views on the current market and the potential impact of investing trends and economic initiatives on the future economy, people in the know tend to sit up and listen. This was certainly the case after the embattled tech leader took to Twitter in a recent 21-hour tweet storm. Like Elon Musk, Pishevar’s unorthodox views on economic trends has earned him both supporters and detractors, but most people with an interest in the future of app-based marketing and shifts in an economy increasingly dependent on Internet 2.0 know-how are looking closer to see if Pishevar is onto something big.
During his tweet storm, Shervin Pishevar covered a variety of topics, not the least of which involved the current state of Bitcoin. A digital currency that seemed to come out of nowhere in the early part of the decade, Bitcoin has since gone on to make investors billions of dollars, especially after the currency peaked in value in 2017 at around $17,500 per coin. Pishevar acknowledged that Bitcoin has dropped in value since, but his prediction that the currency would rise again is the kind of knowledgeable tip that has investors wondering if this new financial paradigm still has lasting power.
Another potentially huge revelation in the barrage of messages Pishevar posted to Twitter was one in which the former tech-finance CEO mentioned his belief that the economy will drop 6000 points in coming months, a prediction that could indicate a new recession taking hold if current economic policies aren’t changed.
Shervin Pishevar may not always make friends with his controversial views, but he certainly has an approach to business that many would do well to emulate. His Twitter feed may seem more like a battleground than a roundtable discussion on boring economic policy, but for many people who trust the magnate’s instincts, this is as good a time as any to glean some of Pishevar’s insight into what the market will look like 10 years from now and beyond.