As a graduate of the University of California, Berkeley, where he studied molecular cellular biology, Shervin Pishevar did not project to be one of the most successful entrepreneurs of his generation, but after a series of lucrative investments, which have seen him align with a variety of bonafide upstart companies, he has done just that. While he has not been very active on the social media scene for the majority of the year, he recently jumped on his Twitter account to unleash an elaborate rant that discussed the fall of the United States economy. The co-founder of Virgin Hyperloop One covered a myriad of issues, including the future of the stock market, the status of Bitcoin, and the rise and fall of the five American unicorn companies.
One of Shervin Pishevar’s more startling revelations concerned an impending crash for the stock market. In the month’s to come, Shervin Pishevar predicts that the stock market will undergo a significant crash in which he estimates will amount to 6000 points in losses. He feels that the current volatility facing bonds today will eventually spread into the other markets. The Dow Jones wasted no time in reacting to Shervin Pishevar’s tweets, as it proceeded to lose 1000 points the following day. He did have some good news regarding Bitcoin, which has been very volatile in recent months, seeing its price drop from a high of nearly 20k. The value regarding Bitcoin will continue to fall for a period of time but will become stable at around 2-5k, before beginning to rise again.
Shervin Pishevar also discussed the role of innovation in the country today. Traditionally, the United States has held a virtual monopoly on innovative tech that changes the world, but as innovation has taken on a “borderless” form, many countries are choosing to stay put, instead of relocating to the United States. This change in Silicon Valley was described by Mr. Pishevar as a tectonic shift that has rendered the region devoid of its traditional competitive edge.