There is never a dull day in the United States, more so on the social media platforms. There is always a battle of words based on what is going on in the country in the realms of politics, social and economic issues. At the beginning of the year, there was a storm on Twitter after renowned Silicon Valley investor, Shervin Pishevar, unleashed a flurry of tweets on various issues that impact the US economy. From his messages, it was clear that he expects nothing good to happen to the economy in the near future. In a tweet storm that lasted 21-hours, Shervin Pishevar pointed out to a number of factors that could lead to deterioration of the US economy in the future. So what are the things that Shervin Pishevar talked about?
Chess, a Drosophila of reasoning.
— Shervin Pishevar (@shervin) December 27, 2018
Stock market to lose 6,000 points
Shervin Pishevar started his tweet storm with a message that the stock market would lose 6,000 points in coming years, an occurrence that would bring us to the end of the bull market that has lasted for a decade. In his prediction, the stock market would lose enough in a few months to erase all the gains made in 2017.
Another prediction he made and that has come out true is the behavior of bitcoin. His prediction was that bitcoin would lose to the extent that the prices would hit the $2-5k levels. He added that it would maintain this price for about two years before resuming the upward trend.
Silicon Valley to lose its glitter
Another prediction he made was that the Silicon Valley would lose its glitter as the most important innovations hub in the United States. He believes that new ideas will be implemented in various locations around the world and not necessarily in the United States. Shervin Pishevar has been an investor here for decades and therefore understands the dynamics of the industry.seatheocean on .