It seems like just one tweet from a famous people can make headlines for days. Just look at Elon Musk and his recent tweet which earned him a fine from the SEC. Well, recently there was another Silicon Valley titan that raised eyebrows with his tweets. Early Uber investor Shervin Pishevar went on an incredible 21-hour tweet storm that lead to thousands of retweets, likes and comments. Below are some of the more notable things Mr. Pishevar wrote during his tweet storm.
The Dow’s Longest Bull Market Will End
Since March of 2009, the Dow has been rising and rising with no end in sight. Well, Shervin Pishevar believes that the ride is about to end. One of his earliest tweets, the Silicon Valley investor said that the price of the Dow Jones Industrial Average could fall by as much as 30%. If that happens, then the Dow will enter the first bear market in over a decade.
The World’s Largest Cryptocurrency Will Crash Hard
In 2017, it seemed like everyone became an investor in Bitcoin. And the price of the wold’s largest cryptocurrency rose to an incredible $20,000 per coin. Shervin Pishevar, however, doesn’t see this trend lasting forever. In fact, the Silicon Valley expert predicted that the price of Bitcoin will fall and eventually settle somewhere between $2,000 to $5,000 per coin.
Start-Ups Will Bypass the Move to California
Just about every tech start-up looks to plant their shingle in the state of California. Well, Mr. Pishevar believes that this trend is about to be over. In the future, Shervin Pishevar believes that tech start-up will maintain their headquarters in other places around the world.
Big Tech Companies Will Stifle Tech Start-Ups
Shervin Pishevar has made his fortune in the Silicon Valley world. However, the early Uber investor believes that tech companies like Microsoft, Alphabet and Apple have too much power, much like Bell Telephone a century ago. Mr. Pishevar predicts that these powerful tech titans will prevent any other start-up from reaching the market cap values of the world’s biggest tech companies.