Shervin Pishevar clearly wants to draw people’s attention. You don’t launch into a “tweet storm” for 21 hours without the intention of making people listen. For those who aren’t “tweet savvy,” a tweet storm refers to someone making a significant number of tweets in a short period — or extended period — of time.
The focus of Shervin Pishevar‘s tweet storm centered on the United States’ economy. Specifically, he warned about the potential decline in the economy. That warning has been echoed by several forecasters. Unfortunately, no one knows where exactly the economy will be headed in the coming months or years. Generally, it wouldn’t hurt to be cautious when planning on investing money.
The U.S. stock market still seems to be doing well, but the Dow average has dropped somewhat from its significant highs earlier in the year. The market also seems to be swinging up and down a lot. The Dow drops 300 points and then regains the losses a few days later only to repeat the cycle once again.
Shervin Pishevar warned the Dow could drop as low as 6,000 points. This would be a catastrophe for the U.S. and global economy. At one time, people wouldn’t such a crash could be possible in the modern age. The massive market disaster known as the 2008 financial crisis probably changed the minds of more than a few skeptics.
Bitcoin found itself among Pishevar’s musings. He predicted that Bitcoin would drop in price, possibly significantly. However, he also suggested the price of Bitcoin may likely rise up again. Bitcoin has become popular among hip investors, but some don’t look closely at the potential volatility associated with such a unique asset. Bitcoin’s huge gains might not be sustained. A price crash could very well occur.
Pishevar also discussed Silicon Valley. Right now, Silicon Valley also rides quite high. In the 1990’s, the Dot.com bubble revealed tech companies can crash hard. Is Silicon Valley headed for a crash at some point in the future?
Shervin Pishevar knows more than a little bit about risky investments. He was one of the first people to put money into Uber during the ridesharing behemoth’s early days.