Back in February of 2018, Sherpa cofounder Shervin Pishevar went on a 24-hour tweet rant that was very surprising and intriguing, to say the least. He made points of how the United States was going to sink into another recession and that the Dow Jones was going to see a tremendous drop of 6000 points. I agree that this is a bit of an exaggeration. We haven’t seen this in the past year and probably won’t for a good amount of time. This tweet storm came in the middle of Shervin Pishevar’s sexual misconduct allegations that forced him to step down in his company. Maybe he just wants to take the limelight off of the allegations and onto our nation.
Anyways, what he said about the market isn’t entirely wrong. We saw a few pretty large corrections happen last year that was scary for the American economy. I myself thought that we were going to sink into a recession. The bad news in that we are basically on a strong ten-year bull run that I don’t see going on for too much longer without seeing a drastic pullback.
One thing Shervin Pishevar was right about was Bitcoin. He said that Bitcoin would continue to plummet and eventually stabilize in the two to five thousand dollar range. Surprisingly enough, it has done just that! Bitcoin has been stabilizing at the three and a half thousand dollar mark for some time now. Personally, I wouldn’t touch it with a ten-foot pole due to how speculative the cryptocurrency market can be.
I liked how he brought up American infrastructure and how it should be revamped. President Trump has highlighted this country’s crumbling infrastructure and that it must be changed. This would drastically make the lives of the American people better. Next, he also highlighted that many skilled and college-educated workers are very underemployed. We need to fix this if we want to grow and develop as a nation.
All in all, Shervin Pishevar came up with some very valid points in his twitter storm. Some of it shows the frustration of the everyday American.