After a 21-hour long tweet storm by Shervin Pishevar early this year where he talked about the US economy, globalization, cryptocurrencies, and other finance-related issues, it is time to look at some of the predictions he made. He has quoted a link on the Bloomberg Markets Watch which indicates that the markets have entered a correction phase and a rate hike is imminent. The predictions he made about a shift in the economy are now coming out true. His brilliance in making correct predictions is attributed to his business endeavors. He has spent all his career life making projections on businesses that are likely to perform well in coming years.
Shervin Pishevar is venture capitalist who have worked in the Silicon Valley for a long time. He has supported startups such as Uber to develop into Unicorns in a short time. His tweets about the declining stock market were proved a short time after. The stock market recorded a drop a large drop within one week.
Shervin Pishevar has proved his understanding of the economy by predicting matters that turned out exactly as he had predicted. He has also shown that his opinion should never be ignored by anyone who is in the investment industry. He can provide some good points that indicate some of the things investors should look into before making any decision.
Shervin Pishevar has decried the impact of the US monopolies in the tech industry. Five companies have shown monopoly tendencies. Amazon, Facebook, Alphabet, Microsoft, and Apple have shown that they do not mean well for the startups. They are making it hard for any startup in Silicon Valley to thrive. These are some of the reasons Pishevar tweeted that Silicon Valley is losing its competitive edge.
Shervin worked with President Obama in the creation of the Startup Visa Act which was meant to support immigrant talent in the United States. This act was meant to facilitate immigrant talent in the United States. However, it failed to pass through the Congress, and Pishevar insinuated to this as another factor that has contributed to the decline of the Silicon Valley as the leading innovations hub.