Shervin Pishevar, tech and finance entrepreneur and investment mogul, took to Twitter in February 2018 to post a flurry of tweets with his predictions about everything from the US economy as a whole to the future of Bitcoin, as well as his thoughts about Silicon Valley. This 21 hour stream of consciousness twitter storm resulted in 50 loosely structured tweets.
One of his thoughts was about how small start-ups are crushed by bigger companies. He wrote “[Tech giants have the power of a nation-state to destroy vulnerable start-ups threatening their monopolies. They’ll use that great power overtly+covertly.”
Pishevar extended the idea further saying that the five iconic tech companies in the United States, Alphabet, Amazon, Apple, Google, and Microsoft, will eventually fail but not before stifling any innovative startups that threaten their profits.
He also expresses his belief that Silicon Valley mentality is not exclusive to Silicon Valley anymore, and while it isn’t necessarily a bad thing, it is not a good sign for short team economy growth in the region.
He writes, “while we build walls physical and cultural to keep out immigrant talent that talent doesn’t need to come here anymore.”
Shervin Pishevar also offers some of his ideas about the future of bitcoin and cryptocurrency. He predicts that Bitcoin will continue to decrease in value until bottoming out and stabilizing at around $2000 to $5000. After this stabilization, it will have a steady incline over the following two years and would eventually allow a global economy.
“Gold will rise in response. Bitcoin will continue to crash but stabilize at 2-5k range and begin a more stable rise over next 24 mo’s,” he wrote.
Shervin Pishevar has long been a key player in the success of Silicon Valley. As an angel investor, he’s seeded over 60 companies and co-founded Investment company through which he invested in companies like Uber and Airbnb. But this tech mogul predicts that the United States economy will drastically change and that Silicon Valley is losing its edge against foreign competition. Shervin Pishevar may be right on some fronts but only time will tell for sure.