Back in February of last year, Shervin Pishevar, founder of Sherpa Capital, thought it would be a great idea to go on a 24 hour Twitter rant amidst his sexual misconduct allegations. Some say it was to take the attention off of himself and onto the country. Either way, he made some pretty good points in his rant. Some were very far fetched but others turned out to be true. In one of his first tweets, he stated that the stock market was going to see a 6000 point decrease that would collapse the economy. It has been a year since he tweeted that and although we have seen a few scary corrections last year, it was nothing compared to what he projected it would be.
Next, Shervin Pishevar stated that Bitcoin would continue to drop and end up stabilizing in the two thousand to five thousand dollar range. Surprisingly enough, this is exactly what happened. Bitcoin has been bouncing around the three thousand dollar price mark for some time now. Personally, I wouldn’t touch Bitcoin with a ten-foot pole. Cryptocurrency, in general, tends to be very volatile and almost the entire market is driven by speculation.
One great thing that he brought up was the underemployment crisis in America. If you are just graduating college today, the odds of you getting a job directly in your specialized field right out of school are a little less than the flip of a coin. He says this country needs to work to create specialized jobs in good fields. Next, Shervin Pishevar stated that American infrastructure needs to be revamped. I wouldn’t disagree with Shervin Pishevar on this. President Trump has spoken on this issue numerous times, stating that we need to fix our crumbling infrastructure. In the end, Shervin Pishevar made some very valid points in his rant.