Silicon Valley, a region in the San Francisco Bay Area, is loaded with venture capitalists, entrepreneurs, and investors who have hit it big in their respective industries. One of these businesspeople is Shervin Pishevar, a one-time Board Observer and Strategic Advisor of Uber. A 2016 winner of the Ellis Island Medal of Honor and a 2015 appointee of Barack Obama’s to be part of the J. William Fulbright Foreign Scholarship Board, Shervin Pishevar is nothing short of accomplished in his professional life.
Mr. Pishevar also boasts a respectable background in academia, has published peer-reviewed research in the Journal of the American Medical Association, Neuroscience Letters, and patents with the United States Patent and Trademark Office.
Let’s bounce back to a lengthy, information-filled string of tweets that Shervin Pishevar made across a roughly 24-hour period spanning Feb. 5 and 6, 2018. Many of these tweets contained predictions related to financial markets and the economy in general. How well did Shervin Pishevar predict the future?
Shervin Said The Bond Market Isn’t A Deep Well
Although bonds are generally considered safe investments over the long run, Shervin made clear in the fifth tweet of his 50-tweet tirade that the United States bond market didn’t have as much longevity as many people believed.
The 10-year United States Treasury Bond yield dropped from 2.85 percent at the time of Shervin’s tweetstorm to its current yield of 2.672 percent. The yield is at its lowest point of the past calendar year.
Bitcoin Predictions Are A Dime A Dozen, But Not Often Accurate
Bitcoin’s price nearly hit $20,000 in December 2017. Some two months after it hit its peak, at the time of Shervin Pishevar’s tweetstorm, bitcoin hovered around $9,200. He shared in his 24th tweet that the crypto’s price would keep falling, though recover between the price range of $2,000 to $5,000.
Some three months ago, bitcoin stabilized at roughly $3,500, a rough mark its price holds true to today.
These two predictions were the two most important subjects that Mr. Pishevar referenced in last year’s tweetstorm. Shervin Pishevar, found at @Shervin, continues to use Twitter regularly.