Shervin Pishevar Criticizes Monopolies

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.

http://www.phillypurge.com/2018/02/09/shervin-pishevar-21-hour-twitter-rant/

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