Shervin Pishevar Sees Fall of Bitcoin Followed by Resurgence

Shervin Pishevar was an early investor in Uber. He now blasts Uber and its board of directors, intending to intervene in a lawsuit between a major Uber investor and founder Travis Kalanick. Pishevar contends that venture capitalist Benchmark’s lawsuit against Kalanick sought only to allow Benchmark to gain control of Uber. Alas, the lawsuit has been dismissed anyway, on Benchmark’s agreement, and now is of no concern to Pishevar or anyone else.

The lawsuit formed just one topic in a verbose 21 hour tweet storm from Shervin Pishevar in February of this year. He went far beyond the lawsuit to also hint at the decline of the US economy, promising a 6,000 point drop in the stock market and a crash in the bond market, as well as a loss in the economic race with China. California will also see a decline as its hold over Silcon Valley is diminished. As for bitcoin, Pishevar sees a drop to $2,000, but then a resurgence to follow.

What are Shervin Pishevar’s general thoughts on bitoin, beyond this one prognostication? Pishevar is far from alone in offering predictions on the rise and fall of bitcoin. Predictions are rife of everything from a climb of bitcoin to $100,000 to a decline to mere pennies. One thought Pishevar has had about bitcoin is that ii would eventually become usable for micro-purchases, meaning that some day bitcoin might be usable to buy morning coffee, or even to pay for an Uber ride. Even now bitcoin can be used to buy goods out on the street. A tire shop in Phoenix displays on its window that it accepts bitcoin and other cryptocoins for the purchase of tires. Car dealers in the US accept bitcoin, including a Ford dealer in Carrolton Texas and an Acura dealer in Valley Stream New York. There is even the story of some lucky fellow buying a Lamborghini with bitoin and getting it cheap.

Shervin Pishevar is an investor, an entrepreneur, and a futurist. He is also a philanthropist. As futurist, he lives in the future, and predicts that what was once only science fiction will soon become mostly science. Witness Virgin Hyperloop One, a revolution in transportaion. Pishevar and his firm Investment company are primary investors in Hyperloop One, and Pishevar sees with it a lifechange about to come to all.

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