Twitter has become one of the most important social media platforms. In fact, the current President has made the platform his bullhorn to connect to his followers and to his detractors. Another big voice using Twitter to make his presence known is early Uber investor Shervin Pishevar. During a recent 21-hour tweetstorm, Mr. Pishevar talked about a range of subjects. But what really caught everyone’s attention are the predictions that the Silicon Valley executive made during his tweetstorm.
One of the most notable predictions made by Shervin Pishevar had to do with the state of the stock market. At the time of his prediction, the Dow Jones Industrial Average had hit all-time highs. However, Mr. Pishevar was not sharing in the optimism. In fact, the early Uber investor predicted that the stock market was about to go into a bear market. Shervin Pishevar believed that the Dow was headed down to levels not seen during the 2008 financial crash. While the stock market has not crashed to those 2008 levels, the Dow has flirted with bear market territory since the prediction was made.
Another big prediction Shervin Pishevar made had to do with the world’s most powerful cryptocurrency. At a time when Bitcoin was crushing the $20,000 level, Mr. Pishevar believed that the cryptocurrency was going to unravel. Now, this prediction was met with a lot of skepticism. Especially when Shervin Pishevar tweeted that Bitcoin was going to crash 90% from its highs. Well, it appears that Mr. Pishevar may have the last laugh. Since his Bitcoin prediction, the crypto-coin has fallen over 80% to the $3,000 level.
Finally, Mr. Pishevar talked about his hometown Silicon Valley where he made a shocking prediction about the state of start-ups. Mr. Pishevar believes that large Silicon Valley players like Apple, Amazon, and Google are stifling competition. Because of that, Silicon Valley is having trouble creating the next big tech giant. In fact, Shervin Pishevar believes that Uber may be the last big tech company to come out of Northern California.
Mr. Pishevar went on to make a number of other predictions. In fact, the early Uber investor tweeted over 100 times during a 21-hour period. Since then, Mr. Pishevar has only occasionally made his presence known on the social media platform.