The Dow Jones has been in flux lately, having already relinquished much of the gains tied to a solid 2017, and amid a 1000 point loss over the course of mere hours, founder of An investing firm Ventures, Shervin Pishevar, recently called out the US President, Donald Trump, after he’d publicly supported the trajectory of the market via Twitter.
Creating the hashtag, TrumpDump, Shervin Pishevar quickly backed up his claims regarding a failing market – views for which he’d just expressed during a 24-hour tweetstorm, in which the seemingly clairvoyant investor touched on a myriad of issues regarding globalism, the stock market, and entrepreneurship. During his return to the social media network, Shevin Pishevar went on to predict an impending fall for the stock market weighing in at a 6000 point loss. The losses were a result of a large sell-off, in which the initial 500 point loss occurred in under an hour.
Shervin Pishevar also disclosed his views regarding the highly discussed cryptocurrency, Bitcoin, predicting that losses, which have mounted considerably in recent months, may go forth for a period of time, but within 24 months, the price should rise steadily. When speaking on entrepreneurship, Mr. Pishevar discussed the lag in American innovation, particularly when compared to powerhouses such as China and South Korea. He referenced China’s ability to build a train station in on only a number of hours with the help of a massive workforce; these types of erecting capabilities could not be realistically completed with the same level of efficiency in the current United States. Shervin Pishevar also discussed the state of Silicon Valley, which once played a dominant roll in the rise of most major tech companies, but has since lost much of its luster.
This level of innovation that was virtually unique to Silicon Valley can now be demonstrated by most major competitive markets around the world, making project execution within the United States, borders no longer a necessity. To couple with this notion, many of the bright startups that are coming out of Silicon Valley, are being swallowed up by giant entities, making these few companies more powerful, while limiting the power of the United States’ innovative collective.