Shervin Pishevar was born in Iran. He immigrated to the United States with his family as a child. His family wanted him to attend college to become a doctor. However, Shervin wanted to focus on running a business. He started working in the venture capital industry and quickly made a name for himself.
Shervin was an early investor in both Uber and Airbnb. Both of these investments made him millions of dollars. Dollar Shave Club is another business that Shervin invested in early on.
Shervin Pishevar recently made numerous predictions concerning the economy. He thinks that the economy is about to collapse. In the past, Shervin has made outlandish predictions on various topics. In some cases, his predictions have come true.
Shervin Pishevar tweeted that the stock market will have a massive drop in the coming months. He cited multiple reasons for this theory. Not only is economic growth slowing, but consumer debt levels continue to increase.
As consumer debt increases, people will have less disposable income to spend on products. Shervin also thinks the latest corporate tax cuts were a bad idea. Instead of improving the economy, he believes that tax cuts only went to the wealthiest Americans.
Bitcoin is a controversial investing topic. Some people believe the entire cryptocurrency industry is a massive scam. Others believe that cryptocurrency could be the future of banking. Shervin Pishevar thinks that investors should add cryptocurrency to their investment portfolios. Bitcoin has plenty of problems, but he believes it is an excellent investment opportunity with prices so much lower than last year.
Shervin also tweeted advice for people who follow him on social media. He told his followers to focus on paying down debt and increasing cash. Once the recession hits, he thinks it will be an excellent investment opportunity for everyone.