Everyone from reality stars to the President of the United States goes on the occasional tweetstorm. But perhaps one of the most surprising tweetstorms of the year belongs to a Silicon Valley bigwig who has been silent for the past few months. That person, early venture capitalist Shervin Pishevar, took to social media to make predictions on everything from the price of Bitcoin to the future of Silicon Valley. Below are the highlights of the 21-hour twitter rant.
“In an age when a startup like Brandless can gain serious traction, P&G investors have got to reconsider what it means to be the world’s largest consumer-products company.” cc @brandless @TinaSharkey @idoleffler https://t.co/oz5x4hhqXm
— Shervin Pishevar (@shervin) March 30, 2018
A Big Drop In the Markets
The twitter storm started with a prediction that the markets will drop 6,000 points. Now, Mr. Pishevar did not specify which market he was talking about so it is assumed that he is talking about the Dow Jones Industrial Average. The 6,000 point drop would be about a 25% drop from the early February levels when he made the prediction.
And A Big Drop For Bitcoin
Shervin Pishevar sees the price of Bitcoin falling to the $2000 to $5000 level. The Silicon Valley expert expects the top crypto coin to hit this level before beginning a slow ascent over the next 24 months.
A Roller Coaster Bond Market
To go with the big drop in the markets and Bitcoin, Shervin Pishevar predicts that the normally tepid bond markets will be in for a big ride. He expects the bond market to rock due to the uncertainty coming out of Washington D.C. as well as the impending trade war with China.
California Innovation Dominance Over
Shervin Pishevar sees Silicon Valley’s days as numbered due to other centers of innovation popping up all over the world. Further, Mr. Pishevar perceives Silicon Valley as more of a concept than an actual location.
The United States To Fall Further Behind In Infrastructure Race
In his later tweets, Mr. Pishevar talked about the fact that China can now build an entire rail station in nine hours. Then he pointed out the stark contrast between China’s infrastructure strength and America’s crumbling bridges and highways. However, in a later series of tweets, Mr. Pishevar sees American innovators such as Elon Musk as an exception to the rule when it comes to building big projects like Space X on American soil.
The Shervin Pishevar tweetstorm was noted because it was the first series of public statements made since the executive’s sexual misconduct scandal. Since Mr. Pishevar is a top Silicon Valley industry insider and market expert, his predictions will be closely watched.