Twitter is one of the most popular social media sites on the world wide web. Though it doesn’t have the two-odd billion monthly users that Facebook does, Twitter’s unique infrastructure allows its users to pound out tens of tweets at a time, lending itself to funny stories, and even the aptly-named “tweet storm” published by Shervin Pishevar on February 6, 2018.
Shervin Pishevar – assuming that you don’t, somehow, know who he is – is best known as a venture capitalist that used to work for Uber. His interests range wildly, though they include software, cryptocurrencies, the stock market, and anything about business.
Here’s a short recap of a few of the tweets Shervin Pishevar provided the public with, first to his 90,000 followers, then throughout the rest of news media.
All investors are familiar with the stock market plummet of February 2018, when the Dow Jones stock index dropped more in just two days than it had in any other two-day period since January 2016. Although Shervin Pishevar didn’t predict the exact date, he claimed that a “6000 point drop in aggregate in months ahead” would rear its ugly head. The following 49 tweets discussed several topics, though they all were woven together to explain Mr. Shervin Pishevar’s thoughts on business and its many manifestations.
The stock market didn’t quite reach such a drop, though a 2,000-point drop is unarguably substantial. One must wonder whether the Dow Jones drop was a coincidence, or if Shervin Pishevar had some kind of insider knowledge!
He’s just that smart.
Bitcoin reached a price pinnacle in November 2017 of just under $20,000 per coin, and dropped since. It ended up reaching a low of $6,000 around the time Shervin’s tweet storm was shared with the world.
Though Bitcoin prices have since rebounded, Shervin tweeted “Bitcoin will continue to crash but stabilize at 2-5k range and began a more stable rise over next 24 mo’s.” Shervin’s Bitcoin prediction certainly isn’t far off from what could happen, as its volatility lends itself to unpredictable swings – well, unpredictable to the world, but not to geniuses like Pishevar.