California’s Silicon Valley has been the dominant force in technological innovation and startups but the respected investor and technology expert, Shervin Pishevar believes this dominance is being lost to other areas of the world because of the power of the top U.S. technology companies. Pishevar believes the U.S. economy as a whole is about to fail dramatically with a fall in the markets to rival that of the 2008 economic meltdown; in a 21-hour Twitter outburst, Shervin Pishevar explained his position on the state of the U.S. economy and technology sector.
Across the world, government agencies and private companies are joining forces to create new projects designed to improve the infrastructure of nations including China where a nine-hour train station construction project was praised by Pishevar. The man famed for taking on the Hyperloop project following an impressive White Paper praised by Elon Musk explained his view of the technology sector has recently seen him feel a certain mistrust towards the success being achieved within the traditional technology incubator of Silicon Valley.
Shervin Pishevar not only looked to the loss of dominance for technology companies in and around Silicon Valley but to the fact foreign nations are moving ahead with projects which would traditionally have found their traditional home in Silicon Valley. Not only is Silicon Valley failing to reach the innovative heights of previous years, the U.S. as a whole is lagging behind the rest of the world in attempts to build a better infrastructure for the future. The Chinese construction of a train station in just nine-hours with a crew of 1,500 workers has been used as an example by Pishevar of the success which can be achieved with a continued level of investment in infrastructure projects by U.S. government and private agencies.
Shervin Pishevar is also expecting a larger role for cryptocurrency markets in the coming years as the current fall in prices will halt at around $2,000 to $5,000 mark in the opinion of Shervin Pishevar. After the current fall in price stabilizes, the cryptocurrency markets will begin a steady rise in price which will provide a stronger, more stable market for the global markets to enjoy.