The US economy faces tough times ahead as far as Shervin Pishevar is concerned. His February twitter rant that went on for close to two days painted a grim picture for investors. The early Uber investor did not have any kind words for numerous sectors of the economy.
Shervin Pishevar believed that the bitcoin industry would be hard hit. He expected the prices to fall to about $2000 before getting back to its feet again. The founder of the Investment company also shared his thoughts on SpaceX, bonds, and immigration. The massive drop in the stock market was top on his list with a host of questions around the authenticity of bonds.
Silicon Valley’s imminent collapse closely followed in his criticism. Different zones of innovation around the world have given California a run for its money, and Shervin Pishevar expects a tectonic shift. China’s vital infrastructure will give the US a lot to worry about. The Middle East powerhouse continues to leverage its ability to complete projects in real time.
— TicToc by Bloomberg (@tictoc) June 15, 2019
Shervin Pishevar also shared his thoughts on the entrepreneurship landscape. Established companies will continue to stifle startups. Budding entrepreneurs need to up their game if they are to enjoy any success in their respective markets. Microsoft, Facebook, and Apple are among the leading monopolies in the US.
The tweet rant did not come as a surprise to many, given that Shervin Pishevar is known for his generosity with words. It was his first public appearance since he resigned from his top position in the close of 2018.
Only time will tell whether any of his assertions will hold water. Given his vast experience in the world of business, it would be prudent for economic players to give his words a second thought.