People normally invest money they earned via working to fortify their earnings’ value against inflation, exchange rate variability, and other market fluctuations. Some people invest their own money as a living – not just as a means of generating passive income.
Shervin Pishevar is a member of the latter group of people; instead of working a relatively – or even absolutely, unarguably – boring job, Mr. Pishevar rides the highs and lows of the private equity investments he has made in more than 60 business entities since he became an investor after the turn of the millennium.
When it comes to investing, finance, and market analysis, Shervin Pishevar truly does know what he’s talking about. The 17-odd-year veteran venture capitalist didn’t learn the ropes of investing by going to college for finance, reading tutorials on the World Wide Web, or constantly hiring consultants and financial advisors for their opinions only to claim their views as Shervin’s own – only through getting his proverbial feet wet in the Olympic-size swimming pool of finance did Shervin Pishevar become the expert he is.
Shervin Pishevar let the world in on some of the inner workings of his mind in the first week of February earlier this year – February 2018. Rather than writing an expose in a popular financial magazine or otherwise sharing his opinions for personal gain through a publishing company, Mr. Pishevar published a line of tweets about what he thought the world of finance and investing would yield throughout the rest of 2018 and all or most of 2019.
He felt Bitcoin would continue crashing – and that it did
On January 1, 2017, one Bitcoin was worth roughly $1,000. Over the rest of 2017, the price jumped to an all-time high of $19,600. From early December 2017 – when Bitcoin reached that aforementioned high – the price of Bitcoin continued to drop.
One of Shervin Pishevar’s February 6 tweets claimed that Bitcoin would crash until it hit the $5,000 mark, then slowly rise with stability. So far, this has proven to be true.