Venture capitalist Shervin Pishevar embarked on a wide-ranging tweetstorm in February 2018. He expounded on the possibilities of the stock market, Bitcoin, startup companies, and monopolies, among other important topics. The key to Pishevar’s tweetstorm lies in his predictions that the market would dip in 2018.
As of the summer of 2018, these predictions have come true in a moderate fashion. Shervin Pishevar did correctly predict the fall in Bitcoin prices, though the drop has not been as severe as he warned it might be. “Gold will rise in response (to Bitcoin’s fall). Bitcoin will continue to crash but stabilize at 2-5k range and begin a more stable rise over the next 24 months.”
As far as stocks are concerned, the market has experienced a number of sell-offs, but the market has remained relatively stable. The 6,000 point drop that Pishevar predicted has not yet come to pass.
Pishevar touched on many other topics in his tweetstorm. He pointed to the resurgence of China, stating that its dominance in infrastructure could greatly influence the global business climate. He criticized infrastructure in the United States, claiming that “our infrastructure is in tatters, decrypt and decaying. Our government and companies are trapped in short-term thinking.”
According to Shervin Pishevar, technology innovation is moving overseas and Silicon Valley is losing its dominance. Shervin Pishevar warned of the five American tech monopolies: Apple, Amazon, Alphabet, Microsoft, and Facebook. He stated that these five mega-corporations stifled technology investment in the United States.
“Just like Ma Bell, these 5 giants have too much power, stifling startups,” he claimed. “Uber might be the last giant to eke out before it was too late.”
One sector of the economy that Shervin Pishevar is bullish about is space exploration. He pointed to the exciting possibilities of Elon Musk’s SpaceX and Richard Branson’s Virgin Galactic. He said that the companies would “suffer derision” until their core business was successful.
Shervin Pishevar has a unique and valuable perspective on the tech and financial worlds. While not all of his predictions have come to pass, it is worth keeping them in mind as the months go by.
About Ian King
When it comes to investment, cryptocurrency trading and entrepreneurship, the name Ian King is very dominant in those sectors. Mr. King Banyan has a significant role in contributing to the Banyan Hill Publishing. Before joining them, Ian worked as a desk clerk with the Salomon Brothers. He also played an essential role with different firms which included Citigroup and the hedge fund based in New York where he was the Head Trader.
King is a graduate of Lafayette College where he received his undergraduate degree for the Bachelor of Science in Psychology. Due to his burning passion for investments, Ian King realized that there was an increased opportunity in the field of cryptocurrencies. He decided to start his advisory firm where he offered services to the upcoming investors who wanted to invest in the industry.
It is for this reason that Banyan Hill Publishing saw that it would be the best to partner with Ian King hence got him to work for them as their cryptocurrency expert. King was able to publish a read in medium.com where he talked about the cryptocurrency market and bitcoin broadly. He suggested in one of his articles that, as much as many investors and experts talk about the end of bitcoin business, the bitcoin and other cryptocurrencies are to stay as they are the future. Ian King mentioned that the cryptocurrency market just begun and states that in the future, most people will start trying to learn about them. The cryptocurrency expert has suggested that the markets for these currencies are likely to expand as it is seen to be at a tipping point. Read more: http://www.talkmarkets.com/contributor/Ian-King/
What is a Cryptocorn?
There are a lot of non-traditional investors who want to invest in the new blockchain technology that is coming up so that they can be able to solve problems in the real world. However, the number of companies that use this technology is lower than their demand and this, according to Ian King is creating a financial mania. There is a spike in prices due to investors trying to work their way to the ground floor. The increase has never happened before which is believed to be the cause of a new crypto unicorn that has come to be known as a cryptocorn.
Why is Ian King referred to as a cryptocurrency expert?
As earlier stated, Ian King Banyan is known to be an expert in the field of finance and specifically in the cryptocurrency market. He has an experience of over two decades in the finance market. King has impressed people with his knowledge in the cryptocurrency trade which he is practicing as a profession. Investopedia owners asked Ian King to be one of their contributors which made him rise to the list of top contributors on their website. He owns a program aimed at helping individuals to understand the cryptocurrency world. Follow Ian King Banyan on Twitter.