Shervin Pishevar is a prominent angel investor and venture capitalist. His entrepreneurial journey has mainly dealt with startups ideas. Pishevar is good at spotting ideas which have a huge potential of turning into solid businesses. Through Sherpa Capital where he is the former managing director, Pishevar has invested in top companies such as Uber, Hyperloop One, Airbnb and others. Through his efforts, there is a huge number of companies that can attest to doing well due to the impact he has had on them. On matters economy, he well versed and can guide others on the direction to take.
In February 2018, Shervin Pishevar tweeted about the performance of the economy and other matters. He pointed out that the economy would not do well in the coming months. There was every indication that the economy would since every economic indicator was going down. The stock market was collapsing at the time of the tweets. Pishevar was projecting a 6,000 points drop in the market. The performance of the economy is directly linked with the performance of the equities market, and therefore there is no way the equities market would lose, and the economy remains intact. Shervin Pishevar also pointed out all assets that support the economy would be overvalued, and as a result, none would come to the rescue of the economy.
To make matters worse, Pishevar insisted that the measures that are normally taken by the federal reserve to support the economy would no longer work since they have been used so many times that they are no longer effective. The Federal Reserve is used to pumping money into the market, an outdated method that can no longer achieve the objective according to Shervin Pishevar.
Shervin used the tweet storm to lay out his thought about bitcoin. In his opinion, bitcoin is a great idea but could not maintain the high prices it had at the beginning of the year. He predicted that the prices would reach the $2-5k range. It did not take long before this prediction came out true. Bitcoin has been on a meltdown for months now.