During a 21-hour period during the week of February 4th, 2018, Iranian-American business tycoon Shervin Pishevar posted over 50 tweets from his Twitter account. His tweets included various topics such as stock market predictions and the future of Bitcoin, Google, and Amazon. He predicted that the stock market would crash, dropping 6,000 points. As if on cue, the market saw a dramatic reduction in shares, contradicting President Donald Trump’s claim of a booming economy. Shervin Pishevar also voiced his concerns over inflation, stating that inflation will forever be unstable due to the United State’s “war on trade.” His Bitcoin predictions included a drop by $2,500, followed by an eventual recovery.
Something that Shervin Pishevar mentions that is of great importance is the concept of entrepreneurship. The idea of owning your own business and making an astronomical income is no longer just a dream that comes with living in the United States. Now, it is a worldwide possibility. He feels that entrepreneurship is becoming more and more common and it will eventually take over. To Pishevar, innovation is changing around the world. And speaking of innovation, he does not think the United States has any. He mentions that while China’s economy is growing, the United States falls flat. He claims that our infrastructure is decaying rapidly, and that our ideas are pretty much outdated. We think more short-term, rather than making long-term goals for our economy.
Pishevar goes on to say that five major U.S. companies are causing issues for those who want to grow: Google, Amazon, Apple, Facebook, and Microsoft. These companies are placing a chokehold on small start-ups, barring the opportunity for wealth.
While some may find Shervin Pishevar’s rant to be bizarre,he has proven to us in the past that some of his claims are indeed factual. Because his empire was build from the ground up, he has been witness to many economic trends. This has made him quite the successful businessman, and he will continue to be such.