Shervin Pishevar tweets about the future of bitcoin and the economic growth in the United States

Shervin Pishevar is one of the people in the United States who has made significant contributions to the growth of some of the great innovations we see today. As an angel investor and venture capitalist, he nurtures startups that are based on brilliant ideas. One of the recent startups he has nurtured is Uber. In less than a decade after it was established, this company now ranks in the league of Unicorns. Pishevar has a knack for good ideas. However, in business, it is not all about luck; you need to be familiar with some of the things happening in your surroundings. No business can be run in a vacuum. Many external factors influence the performance of business ideas. The economic conditions in the country will determine how businesses established there would perform.

Before taking up any startup, Shervin Pishevar looks to all the factors that are likely to determine the success of an idea. In this process, he learns so much about the economy and the field of finance in general. Due to his long experience, he can tell when the time is right to invest and when it not. He recently tweeted saying how the US economy will dwindle in the near future. He said that all indicators point to a potential drop in the industry.

Shervin Pishevar expected the stock market to lose over 6,000 points. Such a move would erase the gains from the bull market of 2017. The bond market is already declining, another indicator of the challenges that the economy is currently grappling with. Shervin Pishevar believes that all the options being used by the Federal Reserve to deal with the challenges of economic development will likely not bear any fruits since they have been used many times and are no longer effective.

Shervin Pishevar has also given his opinion about the future of the bitcoin. He believes that it is a great idea to have digital currencies since it will, remove the bureaucracy that is involved in money transactions. Bitcoin will make money transaction frictionless. He thinks it will rise in value in the future but not before there is a sharp decline to the $2-5k range.

 

https://www.youtube.com/watch?v=hGhB1WzGROs