Sherpa Capital founder, Shervin Pishevar is one of the most notable business persons in the U.S. Among his notable investments is Uber; which is currently a global transport conglomerate and making billions in profit. Pishevar is also a venture capitalist with other numerous investments. Recently, he decided to open up about his thoughts on the current economic and social matters affecting the nation. Additionally, he decided also to share his predictions on the future of the economy. Among the topics he addressed through his tweets was immigration, Space X, technology, bonds, and bitcoins.
Too much economic power for monopolies
According to Shervin Pishevar’s tweets, he firmly believes that the biggest companies in the United States such as Apple, Microsoft, Amazon, Alphabet, and Facebook will remain to be that for the foreseeable future. He stated that he doesn’t expect anything revolutionary out of California especially Silicon Valley as most of these monopolies are looking to set base outside the country taking incredible talent with them. He added that these monopolies have too much power and are strangling the tech industry preventing other such big companies from emerging.
The country will lag behind
The Sherpa Capital founder went ahead to say that this technological chokehold that the country is placed into by the monopolies will lead to it lagging behind other countries soon. He specifically pointed out China as the country ready to take the place of U.S.A if it lags behind. Shervin Pishevar went ahead to warn that the country’s economy is heading to a problematic place which may hinder its development. This may give China the opportunity it needs.
The red flags
Shervin Pishevar stated that there are a lot of red flags today that are an indication of the tough times coming ahead. The crashing bitcoin sector is one of these indications. He said that the bitcoin prices will continue falling and the volatility of the bond and stock markets makes thing even worse. He said that from his analysis it was challenging for the country to pull through this coming financial storm still on its feet.