When we speak of venture capitalists, angel investors, and tech innovation entrepreneurs, we cannot fail to mention Shervin Pishevar. Who is Shervin Pishevar? He is an American-Iranian entrepreneur, and a renowned name in Silicon Valley, California. He is the co-founder of Sherpa Capital and Virgin Hyperloop One. He has also invested in numerous companies, including Uber and Airbnb.
On February 2018, he brought the crowds to his timeline on Twitter, where he expressed his views on tech innovation, globalization, and the future of the US economy in 21 hour-long tweets. One of the most pressing issues that he addressed concerned cryptocurrencies, particularly Bitcoin.
Shervin Pishevar notes that the stock market is plummeting, and the level of inflation is constantly rising. This will lead to gold rising in value. In addition, Bitcoin will experience a steady incline, but it will have to sink first. He put this clearly in his tweet by saying that “Era of cheap money is dead. Inflation spreading, stock markets crashing, underemployment hardening into systemic economic stasis.” He goes on further to state “Gold will rise in response. Bitcoin will continue to crash but stabilize at 2-5k range and begin a more stable rise over next 24 mo’s.”
The sentiments by Shervin Pishevar have had a significant impact on some businesses and investors. They are trying to make some changes. Pishevar is in full support of this cryptocurrency. Bitcoin is a currency that will be free from centralized banks, and it will be used by anybody and every country to transact. It will help to enhance the way of business as well as promote globalization. Shervin went further to show his support of cryptocurrencies by tweeting “Founders are stateless, boundary-less capable of raising capital from completely new financial instruments like cryptocurrencies.”
Ever since Bitcoin was launched, it has created so much curiosity in the peoples’ minds, and slowly by slowly learning about it. This is proven by his tweet “All institutions, government + financial, are facing a reckoning of irrelevance when it comes to what is a once in 1000 year shift coming.” He then goes on to say “That shift has to do with a revolution in stateless digital currencies unleashed across the globe over next couple decades.”
Family update! I’ve moved to Florida with my Dad (Papa is my best friend). With the kids off to college, I’m selling our historic Boggs-Shenson home in SF if anyone is looking for a great spot to raise a family! https://t.co/jjWn1Ot7Np pic.twitter.com/H4i2mPOC3z
— Shervin Pishevar (@shervin) May 17, 2018