Shervin Pishevar is internationally known for many things. Some of them include being a venture capitalist, a philanthropist as well as the co-founder of Sherpa Capital that has invested in various companies like Uber, Airbnb and Munchery. His 21-hour tweet storm that happened in early 2018 came with several predictions that raised some concerns.
The “Financial Storm”
One of the things that the 44-year old investor talked about is the “financial storm” that he sees in the near future. As Shervin Pishevar predicted, there is an expected 6000-point drop that is to be expected in the stock market. If this were to come true, it could bring about adverse effects on the US economy.
The Bitcoin Crash
However, the cryptocurrency is expected to start rising afterwards. Lately, it has experienced some setbacks following the South Korean hack in June 2018 that only indicates the insecurity and poor regulation of cryptocurrencies.
I have hundred+ DM’s and emails asking for help. Asking for patience as I get to each one. One entrepreneur reminded me I helped them years ago when they lived in a car and now they are doing well and need an accountant referral which I am sending. #howcanihelpyou https://t.co/CY6DtRdaiV
— Shervin Pishevar (@shervin) July 13, 2018
Inflation and Underemployment
Shervin Pishevar revealed that he expects a rise in the inflation rates as well as an increase in underemployment that will lead to a decline in the US economy. A research that was conducted in 2016 by PayScale.com revealed that 46% of American citizens were underemployed. As the Uber investor predicted, this percentage will continue to rise.
Another thing that Shervin Pishevar said in the tweet storm is that there is an infrastructural decay that is bound to happen. He attributed it to the short-term thinking that has affected the government and many companies in the United States that are ironically expected to be leading in promoting growth. Consequently, countries like China will be ahead primarily because of the fast pace at which they are growing. He gave an example of the fact that they built a train station in only 9 hours.
The US should expect some darker days should the predictions of Shervin Pishevar come true. To be safe, it is best for the government as well as other investors to take some measures to prevent them from happening. This can be done by promoting infrastructural growth and reducing inflation and underemployment rates in the country.