Shervin Pishevar, a serial entrepreneur and founder of Sherpa Capital, took to Twitter in February with a variety of concerns. Tens of thousands of followers were shocked because he had been radio silence for months prior. Then, Shervin decided to send out 50 tweets over the next 24 hours.
Shervin Pishevar wanted to voice the concerns he has about the US economy, cryptocurrency, and even the monopolies that might be taking over the world.
It all started with a tweet that said he wanted to make some predictions, which included a considerable drop in aggregate points in the stock market.
He also decided to identify five monopolies that have entirely too much power: Amazon, Alphabet (the parent company for Google), Microsoft, Apple, and Facebook. Shervin Pishevar said that if they aren’t taken down, it may be years before another startup is able to gain any real traction. Much of this has to do with the fact that so many startups are being bought by the monopolies before they have a chance to provide any real competition.
1/ Some thoughts on financial storms I seeing brewing ahead. I expect 6000 point drop in aggregate in months ahead. Here's why.
— Shervin Pishevar (@shervin) February 6, 2018
What We Can Do About the Problems
Some of the problems aren’t ones that anyone can act on. For example, the concern about cryptocurrency is more of a “wait and see” than anything else. Although Shervin Pishevar sees it dropping, he also sees it going back up and then stabilizing.
Many people are more worried about the economy because his prediction about it dropping has already led to market instability. 2018 gains are gone and 2017 losses are slipping away quickly.
All of the tweets that Shervin Pishevar sent were numbered, making it easy for people to follow along with his train of thought. Reading his tweets can help to understand more about what’s going on in the economy as well as help with any investments that are in place.