Every once in a while, a Silicon Valley executive or CEO will go on Twitter and begin to spill out their opinions, predictions or complaints. Recently, early Uber executive Shervin Pishevar went on an infamous 21-hour Tweetstorm. During that time, he talked about everything from the US equity markets to Silicon Valley to cryptocurrency. Below are some of the most surprising tweets from the Shervin Pishevar tweetstorm.
The U.S. Stock Market is Set To Tumble
Perhaps one of the biggest predictions made during the tweetstorm was a bold prediction for the Dow. Mr. Pishevar believes that the Dow Jones Industrial Average will fall into bear market territory in the next few years. Currently, the Dow is enjoying the longest bull market in its history.
The Worlds Biggest Cryptocurrency Will Fall Hard
Everyone has heard of Bitcoin. Well, Shervin Pishevar believes that the world’s largest cryptocurrency will fall somewhere between $2,000 to $5,000 per coin. If that prediction comes true, then it would mark a huge fall for the crypto coin which had a high of $20,000 per coin in late 2017.
California Will Lose It’s Stranglehold One Tech Companies
What do Apple, Google (Alphabet), Ebay and Facebook all have in common? They are all large tech companies that were founded and are currently headquartered in California. Shervin Pishevar believes that the tradition of tech companies flocking to Silicon Valley is over. Instead, Mr. Pishevar believes that more Silicon Valleys will emerge around the world. And this will allow start-ups to begin their business in a more affordable area.
Big Tech Companies Hold To Much Power
Shervin Pishevar believes that companies like Facebook, Microsoft, Alphabet, Amazon, Apple hold too much power in Silicon Valley. And he believes that they days of small start-ups joining the titans are over. In fact, Mr. Pishevar believes that Uber will be the last Silicon Valley start-up to make it to the big leagues.
Mr. Pishevar went on to make more predictions on everything from business to investing. Many Silicon Valley insiders have been sharing these tweets are are closely watching one of Mr. Pishevar predictions will become a reality.