Shervin Pishevar paints a dull future for US economy

Shervin Pishevar is a distinguished entrepreneur in the United States, and many people might actually know as one of the early Uber investors. He has been a man who does not keep a low profile on matters economics and finance. He has been vocal on the social media for a long time. He engages his followers in posts that show his thoughts about various issues. As the founder of Sherpa Capital, he was faced with challenges in 2017 and even forced to leave his position of the managing director in the venture capital firm.

After retiring from his position, he kept a low profile for some time. When he came back, he did it in a big way. He engaged his followers in a tweet storm that lasted 21 hours. In the tweet storm, he talked about all manner of issues from the US economy, bitcoin, the Silicon Valley and even immigration.

One of the key things that came out of the storm was that he predicts dull days for the US economy in the coming years. By his prediction, the US economy will record a significant drop in coming days as a culmination of bad decision that the government has taken. He believes that all indicators of a failing economy have been triggered and the fall will be imminent. Shervin Pishevar pointed to the drop in the stock market in early 2018 as one of the indicators.

Shervin Pishevar also gave out his opinion about the bitcoin. He believed that the cryptocurrency would not sustain the high prices recorded at the end of 2017. He predicted that the value would fall to $2-5k level before resuming the uptrend. This is one prediction that has played out as predicted since the value of bitcoin is currently hovering around the said levels. At the same time, he tweeted saying that the value of gold would improve in coming years. He was of the opinion that many investors would turn to gold as a result of the value in other assets.

Shervin Pishevar also said something about the US infrastructure. He pointed out that the country was performing poorly as compared to China. He blamed the government and the players in the private sector for lack of vision.

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