Shervin Pishevar – Nostradamus of the US Economy

Shervin Pishevar, an Iranian-American venture capitalist, and philanthropist is known to be a man of many words. He has had a hand in developing businesses that touch most of our lives, such as Uber and Tumblr. His background proves that he is well versed in the mechanics of investments and helping small businesses grow. The founder of Sherpa Capital stepped down in December after allegations of sexual misconduct, and from there, Shervin Pishevar has been spending more time on Twitter, in a 21-hour long “tweetstorm” predicting his view of the future on many levels.

Key Predictions

Shervin Pishevar (@shervin) predicts that the market will drop 6000 points in the months ahead, and bonds will become volatile.

Bitcoin will continue to crash, citing the “era of cheap money is dead”, and underemployment is stunting economic growth. Gold, by contrast, will continue to increase in value.

US infrastructure is crumbling and in the shadow of rivals like China, who “built a train station in 9 hours”. Innovators like Elon Musk, however, have a bright future with SpaceX and Hyperloop One as long as they can get the support to execute.

US startups like Amazon, Alphabet, Facebook and Apple have a monopoly on Silicon Valley, which are smothering startup growth of new companies.

Decoding the Tweets

Shervin Pishevar has never been a man to mince words, nor is he afraid to let us in to his stream of consciousness. While generally his tweets paint a bleak future for the US economy, he he does see hope in encouraging startup companies, and in technology to put everything back on track again. He also alludes to actions taken against immigration at stifling culture and development while rivals in other nations achieve amazing things.

Whether or not Shervin Pishevar’s tweets are taken seriously or not, it is an interesting and unique view of the US state of affairs from the perspective of an immigrant investor who has helped develop so many brands we use today. Over the coming months and years, the investment community will be watching and waiting to see how many predictions come to be.

http://nymag.com/selectall/2016/10/the-kink-in-elon-musks-hyperloop.html

Malcolm CasSelle Brings Game Skins and Cryptocurrency Together With Innovative Marketplace Company Wax

Malcolm CasSelle is bringing together game skins and cryptocurrency like never before. In the world of gaming, game skins can be seen as a prized possession for any player. Some game skins are so prized that they can be used as currency. Mr. Casselle’s company Wax (Worldwide Asset eXchange) allows players to tie their gaming assets, with a cryptocurrency, through a process known as tokenization.

So how does the process of transferring virtual assets work on the Wax platform? It’s really simple, the assets are exchanged by users known as Transfer Agents who are in turn monitored by a group known as a Guild. The overall system is managed by a rating system which holds everyone accountable on the Wax platform. Together, this secure system allows players to acquire, sell, and transfer game skins as easily as trading in a cryptocurrency.

The brains behind Wax, Malcolm CasSelle has a long history of supporting innovative companies. Educated at MIT and Stanford, Mr. CasSelle was an early stage investor in tech giants including Zynga, Facebook as well as many Bitcoin-related firms.

Mr. CasSelle’s involvement in the gaming world began in 2012 when he was named CEO of Xfire, a social platform for gamers. After five years of experience in the gaming arena, Mr. CasSelle became president of the Worldwide Asset eXchange in 2017.

As cryptocurrencies continue to become accepted as by more and more users and companies, Wax will most likely gain more acceptance in the gaming community. Mr. CasSelle’s continued involvement in Wax will ensure that the exchange will perform as a top-level platform.

Looking forward, Wax will seek to expand beyond the world of virtual assets. In fact, one of Mr. CasSelle’s visions is to tie the exchange to physical assets. As Wax masters the transfer of non-physical assets, the company will be well positioned to expand into the physical world.