For Shervin Pishevar, one of the most prominent entrepreneurs and venture capitalists in the world today, making waves is just a part of a day’s work. An avid social media user, he often takes to Twitter in order to make bold predictions regarding financial trends and downturns affecting United States economy, and after a short break from the public spotlight, he returned in epic fashion. Over the course of 21 hours, in what was immediately deemed a “tweetstorm,” Shervin Pishever unleashed a myriad of posts discussing the future of the world’s economic infrastructure, the fate of the cryptocurrency, Bitcoin, and the role of the five current unicorn companies in existence today.
While Bitcoin experienced a period of unprecedented growth throughout that latter half of last year, eventually reaching a price of nearly 20k, shortly after, the value of the cryptocurrency fell dramatically, causing investors and spectators alike to panic, often projecting a bleak outlook for the immediate future. According to Shervin Pishevar, despite its recent volatility, Bitcoin will begin a period of stabilization over the course of the next few years, eventually regaining the strength that made it such a polarizing investment in recent times. While this rise spells good news for proponents of Bitcoin, Shervin Pishevar estimates that this growth will be steady, but losses may continue to mount in the short term.
Over the 21-hour flurry, Shervin Pishevar also discussed the current role of Silicon Valley in the race for innovative domination around the world. Previously, Silicon Valley has been known as the de facto world capital of innovation, but as other countries have adopted the “American way,” which has seen entrepreneurship rise exponentially, the leading region in California has essentially taken a backseat. Shervin Pishevar believes that the reason for this is because companies no longer need to exist within the borders of the United States in order to prosper on a grand scale, and they are instead keeping their own talent within their countries of origin. Today, China is currently leading the march, as their speed of execution far surpasses that of the United States.