Within the world of high technology, one named stands above all others. Shervin Pishevar has been involved in the tech space since the late 1990s. He has personally founded a number of highly successful tech startups, including Ionside, WebOS and Social Gaming Network. He’s also the CEO and founder of Sherpa Capital, one of the most important venture capital firms in Silicon Valley. Sherpa Capital has been behind the formation of some of the top names in tech today, including Uber, Airbnb and Virgin Hyperloop.
When Shervin Pishevar is not busy running his technological empire, he often finds time to address his more than 100,000 Twitter followers. His Twitter feed is filled with insightful analysis on everything ranging from the role of tech monopolies to the ways in which central banking policies can affect the overall economy.
Recently, Shervin Pishevar has taken up the issue of heavy-handed central banking interventions. He says that a generalized asset bubble has formed. Shervin Pishevar believes that in the coming months and years, there’s going to be a serious correction in the equity markets as well as a matching crash in both real estate and bonds. Shervin Pishevar says that the quantitative easing programs that the central bank has followed over the last 10 years have led to so much easy credit and excess money supply that a generalized acid bubble has been inflated that rivals anything that the country has ever seen in the past.
Specifically, Pishevar predicts there will be a 6,000-point drop in the Dow Jones Industrial Average. He believes that this may happen as early as 2019 but that it could also occur as late as 2025. But he says that he is almost certain that such a correction will eventually materialize when the central bank decides to begin raising benchmark interest rates and winding down its balance sheet back towards normal historic levels.
He says that there may not be any traditional safe havens for investors to park their money in when this asset winddown of the central bank begins to occur. Shervin Pishevar recommends that investors hold cryptocurrencies, gold and currencies outside of the U.S. dollar.