Words carry weight. How heavy and impacting the words become often derive from the person saying it. The opinions of a person distinguished in a field raise eyebrows. Shervin Pishevar did more than draw attention from his Twitter followers. An astounding 24-hour tweet storm captured media attention. Business news websites reported on Pishevar musings about the stock market, the tech industry, cryptocurrency, and more.
Shervin Pishevar made a name for himself as a venture capitalist in the tech industry. As one of the first people who put money into Uber, Pishevar displayed he knows when a business shows potential. While Uber has suffered financial losses, the long-term outlook for the company appears favorable.
Pishevar’s involvement with Virgin’s Hyperloop One also keeps his name in the news. Updates on the transit prototype keep fans of all things futuristic enthralled. Shervin Pishevar isn’t just a commentator or pundit. He is a successful entrepreneur. As such, his commentary doesn’t go unnoticed.
Rather than issue a dull press release, Pishevar chose Twitter for a platform. Considering all the media buzz and attention, he made a wise decision.
Why did Shervin Pishevar go on a multi-hour tweet storm? Pishevar wanted to raise alarm bells over the current U.S. and global landscape. Pishevar isn’t as optimistic about the long-term prospects of the stock market as others may be. Pishevar fears a significant decline in the stock market is unavoidable. Anyone who follows the market knows ups and downs occur. Pishevar huge “downs” loom on the horizon.
Pishevar also feels Bitcoin faces an eventual crash. A Bitcoin crash might take out the investment capital of many “investor hipsters” betting heavily on cryptocurrency’s future. Pishevar feels cryptocurrency’s future might become stable after any losses. While his speculations reflect one person’s opinion, his words provide much to consider.
Pishevar veers into other topics during his tweet storm. The tech industry and the “Big Five’s” monopoly didn’t escape his 140-character criticism. Pishevar thinks the government should step in to address the centralized power inherent in the tech sector. Time will reveal if the antitrust division of the bureaucracy involves itself.