For many decades, the United States has been the undisputed leader in high-tech. From computers to state-of-the-art electronics, companies in America have been the industry leaders. However, according to Shervin Pishevar, that is about to change. In a 21-hour tweet storm that produced 50 messages, he not only makes many predictions regarding the U.S. stock market, virtual currencies, and other areas, but also talks about the decline of Silicon Valley and high-tech industries in the United States.
As one of the early investors in Uber, Shervin Pishevar knows what is involved in taking risks when it comes to innovation. Based on his tweets, this is exactly what is currently wrong with Silicon Valley companies. Having grown from little-known companies whose founders took financial and professional risks into global corporations worth millions or billions of dollars, these companies set the standard for innovation. However, as Shervin Pishevar now sees things, Silicon Valley needs to rediscover its ability to lead once again in research and development. If it fails to do so, he believes China and other nations will forge ahead, perhaps to stay.
However, while Silicon Valley was on his mind, Shervin Pishevar also had some strong words for those investors on Wall Street. While giving few reasons for his prediction, he does state the stock market may fall up to 6,000 points over the next several months. If this happens, Shervin Pishevar feels many investors will be caught off-guard, thus losing large amounts of money that could severely impact the national and international economy. Rather than let this happen, he urges investors to pay attention to the volatile bond market, pull money out of stocks, and instead invest in gold and other precious metals, which will help safeguard their money during the market correction he expects to see happen in the coming months.
Whether or not any of his predictions come true, Shervin Pishevar has without a doubt created a buzz among financial professionals and others that will not die down anytime soon. Thus, more and more people will be watching Twitter for any additional storms he sends out online.