In February 2018, businessperson Shervin Pishevar thumbed 50 tweets about the United States economy, cryptocurrencies, tech companies, and other things about business in general. While not all of these tweets were predictions, we’re going to check on the current status of his most bold, important predictions, as well as touch on other important things he said that most people who know their fair share about modern commerce would agree with.
Bitcoin was once worth short of $20,000 – 2018 just hasn’t been its year
Although various research has indicated that Bitcoin’s superhero-like price rise from just $1,000 per coin in January 2017 to upwards of $19,600 in early December 2017 was caused by wrongful price manipulation committed by just a handful of holders, the aforementioned $18,000-odd rise is still something that’s never happened before.
In early February 2018, Bitcoin was worth roughly $8,000. Shervin Pishevar tweeted that the price of Bitcoin would likely drop to anywhere between $2,000 and $5,000 per unit at some point throughout the next two years.
So far, Bitcoin has dropped to roughly $5,800, though not below $5,000 thus far. Fortunately – at least for cryptocurrency investors – Pishevar predicted that the pioneer of all cryptocurrencies would experience a stabilization of price before February 2020, a trend that would continue well on into the future.
China built a train station in just nine hours – who cares?
Shervin Pishevar cares, that’s for sure. He tweeted that the infrastructure of the United States “is in tatters, decrypt, and decaying,” which is a problem that rests in the figurative, collective hands of the US government. Shervin Pishevar compared China’s incredible accomplishment of building a train station in just nine hours just months before his self-publishing of the tweet, sharing that the infrastructure of China would far exceed that of the United States in coming years.
Tech companies are far too powerful
“Alphabet, Amazon, Apple, Facebook, [and] Microsoft” are all too large, according to Shervin Pishevar. He tweeted that these five companies had – and still have – more power than the Bell Telephone Company ever did, making it difficult for startups to prosper.