Most of us make predictions throughout our lifetimes. As a matter of fact, research shows that most of us predict things – or at least try to predict them – on a daily basis. Of course, because we’re not psychics or clairvoyants, most of these predictions aren’t fully accurate.
Shervin Pishevar made a number of predictions regarding the worlds of finance and business in the first week of February 2018 that were unsurprisingly pretty accurate. Let’s take a look at a few of the predictions Shervin Pishevar made, why he made so many predictions in such a short span, and how well some of them turned out.
Why did Shervin Pishevar make a tweetstorm? Also, who is Pishevar?
In 1997, Shervin Pishevar dropped out of graduate school for public health at the University of California, Berkeley, in 1997. Immediately after dropping out, Pishevar founded a handful of tech businesses that have since been sold off to other companies for tens of millions of dollars.
Mr. Pishevar has worked for various companies over the years, though he’s founded a majority of them – at the very least, he’s invested in them big-time. With more than 20 years’ worth of experience in the worlds of financial services, investing, and business, Shervin Pishevar was certainly a prime candidate for making all the predictions that he did earlier this year.
Let’s take a look at a handful of them.
At the beginning of 2017, the price of Bitcoin was greater than it had ever been – well, almost, at roughly $1,000 USD per bitcoin. By the end of the year, the price of the cryptocurrency had reached a high of $19,600. Since then, the cryptocurrency has steadily dropped in value.
Shervin Pishevar shared in his tweetstorm that he believed that Bitcoin would drop to a maximum of $5,000 before the end of the year. Currently, the cryptocurrency is worth a little less than $7,000 – his prediction is getting closer.
He also shared that the bond market would largely fail in coming years.