For many people, it can be hard to accept financial realities, particularly those involving their investments. However, according to Shervin Pishevar, there will be plenty of realities to accept in the coming months. Taking to Twitter recently, he unleashed a tweet storm that was spread out over a 21-hour period, totaled more than 50 messages, and left many people wondering what was coming next.
Beginning with his thoughts on the stock market, Shervin Pishevar took everyone by surprise by predicting a drop of possibly 6,000 points through 2019. In making this prediction, he urged investors to closely monitor the bond market, which is currently very active and driving some stock prices down. A strong believer a market correction is on the horizon, Shervin Pishevar believes those looking to change their portfolio strategies should now look to invest in gold, which he believes will have a price that stays steady during what he sees as uncertain economic times ahead.
Once he was finished leaving many people astounded with this prediction, he moved on to give his thoughts on technology. Specifically, he touched on what he sees as the demise of Silicon Valley companies as the leaders in technological innovation. Driven by the increasing competition from foreign companies in China and elsewhere, he thinks Silicon Valley companies have lost their competitive edge, and in the process have become hesitant in many areas, particularly research and development. To once again reclaim their spot at the top of the world rankings, Shervin Pishevar feels a renewed commitment to excellence will be needed.
And just as people thought the marathon tweet storm was finishing up, Shervin Pishevar once again expressed more thoughts on the world economic picture. This time, the subject was Bitcoin, the popular virtual currency. In this series of tweets, he predicted a drop in the currency’s value, perhaps of up to 5,000 points. However, as a strong believer in the future of virtual currencies, he does not see a decline that will never end. Instead, he predicts Bitcoin will rebound nicely, allowing investors to quickly recoup losses and even make significant gains.