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Shervin Pishevar: China and the US Trade Deal and Bitcoin

Shervin Pishevar discuss the world economy at the early part of 2018. The world was quite different then. Cryptocurrencies were all the rage. ICO (initial coin offerings) were popping up increasingly more frequently. Today, cryptocurrencies rarely make news. Instead of ICO’s, investors are looking for scam-free Security Token Offerings STOs.

Bitcoin remains the top cryptocurrency. It has survived several threats from a variety of opponents. Probably most notable was the scrutiny by the US Security and Exchange Commission. Then there was the squabble with Bitcoin Cash. Actually, the hard fork that established Bitcoin Cash occurred at the beginning of the epic rally during the third and fourth quarters of 2017.

There are other cryptocurrencies that are powerful. Ethereum and its revolutionary smart contract applications held the number two spot by cryptocurrency market cap longer than any other coin. Ripple is seemingly beloved by banks and represents a traditional application with the support of its coin. However, when it comes to global trade, Bitcoin is by far the one worth mentioning.

Shervin Pishevar recognized the issues of this young market. The potential for misuse became clear at the beginning of 2018. Shervin Pishevar was pointing to tech monopolies like Google and Amazon. While Bitcoin dominates its market, it by no means stifles small business crypto innovation. New crypto projects enter the market on a consistent basis even amidst low prices. This type of small business innovation is what Shervin Pishevar hoped the world would get behind. The health of the global economy relies upon minimizing monopolies (especially in the tech sector) and inspiring localized innovation.

Consider the period at the beginning of 2018 when Bitcoin mining was central to the future of cryptocurrencies. At that time, many crypto developers and enthusiasts were burning up the chat rooms about how most Bitcoin mining was done in China. The country simply has very cheap electricity. But, this fact began to centralize mining and innovation was minimal. There were reports of electricity theft. Chinese lawmakers subsequently shut down several operations. Regulation is important here and its impacts are felt on a global scale.

 

https://www.crowdfunder.com/user/70776

Shervin Pishevar: A New Superpower on the World Stage

Shervin Pishevar is well-known for his entrepreneurial savvy and his ability to find the right investments to seed. He has successfully seeded over 60 companies, both individually and through his own company, Sherpa Capital. He has also created new companies himself, one of which is Hyperloop One, a technology firm that focuses on new and innovative ways to transport goods cheaply and quickly. When someone like Shervin Pishevar, who has had his ear to the ground on the U.S. Economy for years, starts to talk about the fall of the economy during a 21-hour tweeting session, people will tend to listen.

This session on Twitter, the large social media platform that allows its users to create 140-character posts, raised a lot of eyebrows. Shervin Pishevar has made predictions like this in the past, but none of them have been so clear, and none of them have been on so many topics. Pishevar talked about the future of bitcoin, the U.S. Economy in general, innovation, technology, and most importantly, the place of the U.S. on the world stage going forward. It was in this realm that most people got concerned.

Pishevar started by stating that the United States would no longer be the center for innovation and technology. He stated that innovation was becoming borderless, with so many more people and companies from around the world gaining access to the internet and other resources that had once been reserved for large corporations with enormous capital reserves. He also stated that Silicon Valley, once a haven for innovation, has dried up. It is no longer competitive on the world stage and will be the cause of the downfall of the U.S. in the tech sector.

Pishevar then went on to talk about America’s place in the infrastructure and manufacturing race, an area that has been hotly debated and cited for the reason by the U.S. needs to spend more on bringing in companies and building new roads and bridges. Shervin Pishevar stated that countries like China are able to build major projects in less than a day, while the U.S. struggles to even find funding. Overall, Shervin Pishevar’s tweets spelled doom and gloom for the U.S., and it suggested that a new superpower was about to take the world stage.

https://www.huffingtonpost.com/author/shervin-pishevar