Shervin Pishevar’s 21 hour Tweet StormAugust 8, 2018 - Author: steph
Shervin Pishevar, an early Uber investor, went on a 50 tweet rant this week predicting the U.S. economy decline. Among his many predictions, he said that there would be a fall in the value of Bitcoin to the range of $2,000 to $5,000. The fall would then be followed by a slow rise.
This was not something that was unexpected of Shervin Pishevar. He is a man of many words. However, something was a bit different when he continued his tweets touching on various topics from Bitcoin and bonds to SpaceX and immigration.
— The Verge (@verge) August 7, 2018
The storm has gained so much significance beyond its three-day lifespan.
Whether Shervin Pishevar decided to come back in connection to yesterday’s news about him dropping a lawsuit against Definers Public Affairs is unclear. Shervin Pishevar has persistently painted a grim picture on the U.S. economy’s future. Among his predictions include;
The stock market will drop 6,000 points
He predicted that the US stock market would see a decline by over 6,000 points.
Bonds volatility will ripple in the rest of the markets
On this he posted two tweets; “But who is left to take the blame, especially with uncertainty from Washington over every major global deal.”
He continued to tweet saying that,”19/The bond market will be the first to attempt to rally and it will carry the equities market, but it will continue to fall when the b/c genie is out of the bottle.”
Shervin Pishevar also took to twitter to predict the fall of the biotin. He said that”23/the era of cheap money is over. Inflation is spreading, stock market is crashing, underemployment is hardening into systemic economic stasis.”
He also went on to post,”24/Gold will in response rise. The Bitcoin will continue crashing but will stabilize at 2k-5k range and begin a more sustainable rise over the next 24 months.”