In today’s world, knowing what will happen regarding the U.S. and world economies is difficult at best. From stock markets to corporate mergers, it is an area in constant change. For those who have been extensively involved in high-level deals, such as Shervin Pishevar, they have had the opportunity to witness many things, and thus have an in-depth understanding of what may come over the next several years. Because of this, Shervin Pishevar recently took to Twitter, and over a 21-hour period related many interesting opinions on the world economy.
As a businessman always interested in the stock market, Shervin Pishevar keeps a close eye on the happenings in the United States and abroad. As a result, one of his first tweets concerned his prediction that the stock market in the U.S. would plunge 6,000 points over the next few months. The reasoning behind this lies in his belief the bond market will turn very volatile, causing stocks to plummet. In addition to this factor, Shervin Pishevar also believes these results could be due in part to how certain global trade deals negotiated by the United States affect companies abroad, creating a ripple effect throughout world economic markets.
In addition to his concerns about the U.S. stock market, Shervin Pishevar also commented on his belief that Silicon Valley companies have seen their best days. Feeling strongly that China and Africa have made tremendous strides in technology, he believes these nations have catapulted themselves into positions of strength within the world technology market, enabling them to take market shares away from Silicon Valley.
And for those who believe cryptocurrencies such as Bitcoin are unstoppable, Shervin Pishevar says think again. Having little doubt Bitcoin will drop to between $2,000-$5,000, he urges those invested in the currency to rethink their investment strategies. While he predicts a steep drop in Bitcoin prices, he does nevertheless foresee it rebounding within the next year.
While it’s hard to say which if any of these predictions will come true, there is little doubt these areas will be closely watched by experts, investors, and other interested parties.