Shervin Pishevar Explains His Views on Bitcoin. Bonds and Business
If you follow Shervin Pishevar on Twitter, you know that he has a penchant for speaking his mind. In February 2018, he spent 21 hours posting content to his Twitter feed related to a variety of economic topics. His tweets touched on Bitcoin, bonds and how Elon Musk was going to save America’s infrastructure.
Bitcoin Prices are Going to Freefall
In December 2017, Bitcoin was trading at about $20,000 per coin before falling sharply. According to Shervin Pishevar, he sees the currency falling back to as little as $2,000 a coin before stabilizing and starting to gain value again. While Bitcoin falls, the price of gold is going to increase to the market experiences a period of increased volatility overall.
The Stock Market Will Lose Thousands of Points
If the words of Shervin Pishevar are accurate, the stock market is going to lose about 6,000 points throughout 2018. While that is a significant drop, it is only a portion of the gains that the market has experienced since 2016. This market volatility will be partially caused by swings in the bond market that will have an impact on stocks and commodities.
Elon Musk Is Our Only Visionary
Overall, Shervin Pishevar is not bullish about the state of American infrastructure. However, he does believe that Elon Musk will be the one to help the United States create new forms of transportation. Pishevar also believes that he is the rare visionary living in a country that thinks mostly about the short-term instead of the future.
Silicon Valley Doesn’t Dominate Startup Culture Anymore
California has long been seen as the place to be for those who want to start their own company. However, as technology evolves and attitudes toward business creation change, it is likely that the state will lose its influence to other parts of the country. Startups are also more likely to be founded overseas as opposed to in the United States in the future.