As many investors know, one sector of the economy usually impacts another sector. Much like ripples in a pond, each new ripple leads to a new development. While some changes are for the better, others make things worse. For venture capitalist Shervin Pishevar, ripples he sees developing in the United States economy in the year ahead will lead to both positive and negative changes. Because of this, he took to Twitter to share his thoughts on these and other topics, all of which were captured during a 21-hour tweet storm.
For many people today, virtual currencies are the most popular way to pay for items, and no virtual currency is more well-known than Bitcoin. However, according to Shervin Pishevar, Bitcoin is poised for a fall of almost 5,000 points in value. If this occurs, many of its investors may panic and immediately pull out. But if they listen to Shervin Pishevar, they will instead stay the course, and will ultimately be rewarded. According to his tweet storm, Bitcoin will not only inch forward to regain its losses, but in fact move ahead stronger than ever, making those investors who never lost faith very rich.
Along with Bitcoin dropping 5,000 points, Shervin Pishevar also tweeted that he sees the U.S. stock market dropping by even more, perhaps as much as 6,000 points. Believing the market will eventually no longer be able to fight off a bond market that is getting stronger and stronger each day, Shervin Pishevar suggests that to avoid huge losses and wait out the decline, investors turn their attention to gold and other precious metals, all of which will be profitable and safe during this time.
And as a parting comment, Shervin Pishevar feels that Silicon Valley may be in need of an overhaul. Losing ground to competitors in numerous areas of innovation and marketing, he feels Silicon Valley companies need to reexamine their priorities and return to a commitment to excellence they had when many companies first came into existence. By doing so, he thinks they may eventually regain their standing as the world leaders in technology.