As the likes of Business Insider and Analyst Offinance have already covered, Shervin Pishevar had gone on a 21-hour tweet storm that perplexed the financial industry. While it was taken lightly by some news outlets, Shervin Pishevar actually had some valuable insights on how our market will be in 2018.
For example, Shervin Pishevar believes that Uber is pretty much the last example of a successful small startup. He believes that big companies will continue to absorb talent and sabotage small companies from having a chance. This is due to the fact that there is a lack of regulation in the United States and that these companies have an immense amount of wealth to manipulate the market.
While Silicon Valley hosts most of the country’s largest startups, Shervin Pishevar believes that it won’t be the tech hub it used to be. Sure, reputation plays a big part in attracting foreign money, but the high costs and lack of control are leading companies overseas. Many have figured out that tech companies can exist anywhere and programmers may work remotely, so don’t be surprised if the industry becomes location independent.
His prediction of Bitcoin crashing did come true this year but it was not as low has expected. The idea of a gradual rise within the next couple of years is entirely reasonable and seems to follow the predictions of market experts. Of course, the volatility of the market can always prove him wrong.
He predicted that China will overtake the United States in terms of infrastructure towards the end of the rant. This one will be quite hard to prove anytime soon as China has barely begun modernizing most of their major cities. The rural countryside of China is also non-existent when it comes to infrastructure in comparison to the United States. Since there is rapid growth in China and the Third World, it wouldn’t be surprising if the country does overtake our nation in infrastructure quality.
While this investment mogul painted a horrible picture of the country, it is up to market leaders to learn from it rather than letting it come into fruition. Shervin Pishevar has been investing in some of the top tech companies so he does have an eye for predicting the future.