Since today’s current economic climate lends itself to large swings, investors find themselves nervous about what may happen from day to day. Because of this, they wonder what to do next. According to noted venture capitalist Shervin Pishevar, those investors and others have plenty to worry about. In one of his latest appearances on Twitter, Shervin Pishevar sent out nearly 50 messages over a 21-hour period, making one prediction after another about the state of the U.S. economy.
As he started his tweet storm, Shervin Pishevar focused on the future of the stock market. While appearing to be quite strong, he believes tough times may be ahead for many investors. According to Shervin Pishevar, the market will drop by as much as 6,000 points in the coming months, sending many investors scrambling to find new ways in which to keep their portfolios growing. To help with this, he predicts precious metals such as gold will be the new savior for investors.
After giving stock market investors plenty to think about, Shervin Pishevar made a number of predictions about the future of famed Silicon Valley. According to him, Silicon Valley companies have plenty to worry about as well. Believing nations such as China have positioned themselves to take the top spot in worldwide high-tech development and research, Mr. Pishevar predicts it will be a tough road ahead for Silicon Valley companies. To once again reach the pinnacle of success, he predicts these companies will have to rededicate themselves to hiring the most qualified people from around the world, invest heavily in research and development, and not be afraid to take chances with bold and innovative projects.
Finally, despite his dire predictions about many aspects of the economy, Shervin Pishevar did have some good news about virtual currency Bitcoin. While he predicts investors will have to watch the virtual currency’s value drop significantly, perhaps by as much as $5,000, he does predict it will not only recover its losses, but actually surge ahead in the coming months. Therefore, he predicts that investors who stay the course will be rewarded for their efforts.