5th February, 2018 was a different day on Twitter for Shervin Pishevar who had missed the scene since 14th December, 2017. He took time to compile a series of tweets that predicted the future of money in the US. Ever since his prediction in 2008 where he argued that Facebook would one day face identity crisis, his words have been taken seriously. Look at how much loss the company has been incurring day after day! Let’s summarize some of the top tweets!
Shervin Pishevar says that inflation does not exist anymore. He continues to explain that inflation has been exported to other countries through deals made for trade promotion. This inflation has then affected the cost of assets with most of them being overvalued.
Bitcoin and cryptocurrency
Shervin Pishevar stated that entrepreneurs are today not limited to one state. The rise in digital currency has paved way for them to invest wherever they want without restrictions. He however predicts a drop in Bitcoin to $2,000-$5,000 over the next period of months. He further gives hope to the investors that the value will however rise again after about 24 months.
A definition of Silicon Valley
The US has always seen the Silicon Valley as its strength in tech innovation. Shervin Pishevar has a different opinion on that. He says that Silicon Valley is today an idea and not a physical place. Globalization has led to the idea going viral with every country striving to come at the top of the rest in technological innovations. He warns that if the US is not careful, more focused nations like China will emerge victorious. He references the recent achievement by China in constructing a train station in just 9 days.
The rise of an egalitarian economy
Shervin Pishevar predicts that one day, the middlemen that cause inequality will be gone. The global market will then effectively carry out all business activities with efficiency. Though this is a longterm result from the changes the economy is currently experiencing, it will happen.
While one cannot say that Shervin Pishevar is a magician, his predictions are worth considering, as he is a renown capitalist.
Chris Burch shares with others his experiences and mindset to become a successful entrepreneur and investor. His journey is beautifully told in a YouTube video, The Story Behind Burch Creative Capital. At the tender age of 13 his father began teaching him work ethnics by helping to find employment at a construction company. He reflects of life experiences of the past, in which his mother and father had the most influence. While Burch was working at such an early age, he created a path to success and is now helping others to create their road to discover financial accomplishments.
After working construction, he sold hotdogs at football games and sweaters while attending college. Chris Burch (engadget.com) said he looked back to when things were simple. Burch consistently concentrated on how to make money and started Eagles Eye Apparel while attending Itchica College.
Chris Burch’s involvement and expertise in the fashion industry began in 1976 and since then, has extended to the real estate and technology industries. After the sale of Eagles Eye, he founded Burch Creative Capital to help investors emotionally and financially when the markets are troubled. The firm manages a broad investment portfolio comprising of BaubleBar, Blink Healthy, Nihiwatu, Poppin, and 35 other companies. According to MarketWired, the investment firm released its first quarter activity report revealing the growth and expansion of BaubleBar, Blink Healthy, and Nihiwatu.
Burch successfully raised $20 million in additional funding for fashion jewelry company, BaubleBar to invest in technology. The report also showed Blink Healthy introduced their free mobile application and website to provide consumers with affordable generic prescription drugs online. Nihiwatu, an extravagant resort overlooking the Indian Ocean and private beach, was acquired by Creative Capital in 2012.
Chris believes reflections of his childhood contributed to his success as an entrepreneur and investor. It was his ability to create new ideas and sense of humility to discover remarkable success. Chris concluded the YouTube video by saying, “Life is about the moment and helping people get to where they want to go.”