While the United States has certainly led the way over the years in the high-tech industry, it is no secret many foreign competitors have slowly started to gain significant amounts of ground. According to Shervin Pishevar, one of the world’s foremost venture capitalists, this is very true in today’s business world. Having recently took to Twitter to express his views on the U.S. and world economic situation during a 21-hour tweet storm, it’s quite clear he has many unique insights into a variety of topics.
Regarding the U.S. stock market, Shervin Pishevar believes stocks are on the way out, and instead precious metals are on the way in for smart investors. Predicting a steep drop in market value of up to 6,000 points within the next year, he views gold as the pot of gold at the end of the rainbow. Believing bond markets will create this crisis, Shervin Pishevar views this as the perfect time for many investors who are heavily invested in stocks to adjust their portfolios.
As to the demise of Silicon Valley, Shervin Pishevar believes it is almost inevitable, based on current market conditions around the world in the high-tech sector. As American companies have fallen back due to a lack of drive and a clear vision for the future, foreign companies in China and other nations have done the opposite. From training workers in the latest workplace methods, investing heavily in research and development, and possessing a drive that will not end until they are number one, Shervin Pishevar feels these companies have already surpassed Silicon Valley, and will in fact pull even further ahead in the years to come.
Finally, as his tweet storm started to subside, Shervin Pishevar took aim at Bitcoin. A virtual currency more popular than ever, he sees it dropping in value anywhere from 2,000-5,000 points, resulting in large losses for investors. However, for those investors who are patient enough to wait for a turnaround, he feels it will not only regain its losses, but in fact gain more and more value, making numerous investors quite rich along the way.