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.