When predicting the future, few if any people truly know what will happen in the months and years to come. However, that rarely if ever stops people from offering their thoughts and opinions pertaining to various events. This has been the case with respected venture capitalist Shervin Pishevar, whose recent 21-hour tweet storm on various economic issues gave his followers much food for thought as to the future of the U.S. stock market, Silicon Valley, virtual currencies, and many other pertinent topics of interest.
As he started dishing out his Twitter predictions, Shervin Pishevar first took aim at the U.S. stock market and what he predicts will be difficult times ahead for investors. According to his predictions, the stock market will fall in value by as much as 6,000 points in the coming months, leaving investors in a tough spot. Believing the current volatility found in the bond market will be the reason for the decline, Shervin Pishevar does predict that precious metals such as gold may be the way for investors to keep from suffering tremendous losses.
Once people digested his predictions for the stock market, Shervin Pishevar next focused on the fortunes of Silicon Valley. While a perennial world leader in high-tech innovation, he predicts these companies will fall behind foreign competition from China and other nations, due in large part to an inability to hire the best and brightest minds in today’s world of high-tech IT. To regain their status as the world’s IT leaders, Shervin Pishevar predicts these companies will need to develop much more aggressive global marketing plans to overtake the competition.
As a final surprising tweet, Shervin Pishevar let those who are invested in virtual currencies such as Bitcoin know trouble may be ahead for them as well. Predicting a drop in value of perhaps $5,000 over the coming year, he does however have much more optimism for this area than the stock market. Predicting investors who stay the course will recoup their losses and actually make a profit along the way, he no doubt has many investors on the edge of their seats.