Twitter is a place where everyone can express their feelings about any number of topics. Shervin Pishevar decided to spend 21 hours in February 2018 expressing his opinions about the stock market. Specifically, he spent time posting about Bitcoin, gold prices and volatility in the market.
Shervin Pishevar Doesn’t Like Bitcoin
Bitcoin has been controversial since it was first introduced several years ago. However, it steadily increased in value until late in 2017. Shervin Pishevar says that the price of Bitcoin should not be expected to remain at $19,000 or more per coin. Instead, it should be expected to drop to as low as $2,000 a coin before eventually bottoming out.
Shervin Pishevar Does Like Gold
According to his tweets in February 2018, Shervin Pishevar says that you should put your money in gold. This is because the stock market and bond market are likely to see extreme volatility throughout 2018. He said that the stock market would lose 6,000 points, which would put it in correction territory. However, gold would likely retain its value or increase in value.
Volatility Will Hit the Bond Market Too
One of the reasons Shervin Pishevar likes gold instead of bonds is that the bond market will be more volatile than usual. Typically, this