In February 2018, angel investor Shervin Pishevar took to Twitter to share his opinions about a variety of topics related to the American economy. He opined about the future of the stock market, the price of Bitcoin and the problems America will have remaining competitive on the global stage.
The Economy Could See a Correction
According to Shervin Pishevar, the American economy will experience a period of volatility in 2018. The stock market could lose as many as 6,000 points, and extra volatility in the bond market may make it less likely that investors will find it to be a safe haven. If you are looking for a safe place to put your money, you should put it in gold. This is because gold is likely to retain its value or go up in value during this uncertain economic time.
Shervin Pishevar Is Bearish on Bitcoin
If you are someone who is currently invested in Bitcoin, don’t expect it to increase in value anytime soon. According to Shervin Pishevar, the price of Bitcoin could fall to as little as $2,000 before stabilizing. At the very least, it will drop to $5,000, which is still a significant fall for an asset that was valued as high as $20,000 in December 2017.
The Startup Landscape Is Changing
If you are looking to start a business, it may not be a good idea to do so in the United States. This is partially because there is a lack of competition thanks to large companies dominating the startup environment. Furthermore, advances in technology has resulted in the ability for entrepreneurs to start companies wherever they happen to be.
This means that it is just as likely a company will be founded in China as it is to be founded in California. While this may be good for those who want to start their own companies, it may not be a good thing for the United States economy.