Shervin Pishevar Rocks Twitter
Few people can generate the type of economic buzz on Twitter that Shervin Pishevar caused when he recently launched into an incredibly long tweet storm. Although the topics that Shervin Pishevar chose to dive into during his Twitter tirade were far reaching, they generally centered upon his predictive prowess in many domestic and global economic issues.
One of the more distressing topics that Shervin Pishevar tackled in this round of tweets was the future of innovation in the U.S. economy. He reasoned that there are five major tech giants that are currently dominating the entire industry, leaving hardly any room at all for start-ups to form. Over time, this will curb innovation by American companies because they will see the barriers to entry for the tech industry as simply too costly to surmount. International firms will be left with all the opportunity in the world to quickly outpace the U.S. in this regard.
To make the matter of the U.S. potentially lagging behind the rest of the world in tech innovation worse, Shervin Pishevar noted that Silicon Valley no longer has the pull that it once had in attracting new tech entrepreneurs. This means that the budding tech talent of the world is free to invent an innovate online instead of having to make the trek to Silicon Valley. It puts the rest of the world on a more level playing field in terms of start-ups having access to the top talent in the tech world.
Although he correctly predicted that Bitcoin would take a major hit in value, Shervin Pishevar also rejected the cryptocurrency critics and called that cryptocurrency is now here to stay. The allure of having an unregulated cyber currency will always mean that there is a place for Bitcoin to make steady gains down the line.