During the winter of 2018, Shervin Pishevar chose to address his followers and the media. The technology entrepreneur and philanthropist did so in a unique way. He opted to create a tweet storm covering many different topics. Pishevar’s Twitter activity lasted a full 21 hours. During that time, he gave many things to think about regarding technology, the economy, and more.
The tweet storm did send off a few alarms. Shervin Pishevar did not present a beautiful picture of the financial world. He offered a sharp vision that may also prove to be an accurate one. Now, his predictions might never come true. Considering his past and present business success, Shervin Pishevar at least deserves to be heard.
On the economic front, Pishevar doesn’t see much to be bullish about. He thinks the market may drop as much as 6,000 points. The Dow Jones won’t be the only entity affected in a market decline. Pishevar believes the bond market might suffer from the toxicity of an economic downturn.
Pishevar doesn’t only tweet about traditional financial investments such as stocks and bonds. He addresses concerns over Bitcoin and cryptocurrency. In the tweet storm, he felt Bitcoin losses wouldn’t totally recover, but the cryptocurrency could stabilize. At present, Bitcoin did see a price increase that recouped some losses. The hike didn’t take the price anywhere near the digital asset’s peak.
Perhaps the most shocking tweets centered on the technology industry. Shervin Pishevar sees many threats from the possibly out-of-control technology industry. Pishevar suggests the use of antitrust laws now makes sense. He looks back at how the antitrust actions against Bell Atlantic reeled in the telecommunications giant years ago. The public now scrutinizes the tech industry carefully. Maybe Pishevar’s antitrust suit suggestions could gain momentum.
Shervin Pishevar does offer some helpful advice in his 2018 tweets. Pishevar points out the United States’ infrastructure is in poor shape. He feels improvements in the infrastructure could yield a positive ripple effect in the economy. Pishevar notes that China worked hard at building its infrastructure, and now is the time for the United States to do the same.