Cryptocurrency stands as a bizarre investment vehicle to many long-time currency traders. With so many legitimate foreign government-backed currencies, why would anyone take a risk with “virtual money?” Bitcoin fans’ rationale roots itself in an understandable motivation. They feel cryptocurrency could increase massively in price. Anyone who buys low right before the price takes off might walk away with an incredible profit. Recent Bitcoin history does reveal people who made a fortune in the Bitcoin market. One person’s success does inspire other investors. Shervin Pishevar, however, warns people are thinking about putting their money into the Bitcoin realm.
Shervin Pishevar commented on the wild world of Bitcoin in a massive tweet storm in the winter of 2018. Cryptocurrency wasn’t the only topic the former Uber investor and current Virgin Hyperloop One pioneer opted to discuss. Pishevar’s background as a tech investor shows he isn’t shy about putting money into risky endeavors. He also doesn’t haphazardly make investment decisions either. Shervin Pishevar wants people to look at the broad picture of Bitcoin investing before they make any moves. Rushing to put money into any investment venture could lead to regrets.
Shervin Pishevar thinks Bitcoin might suffer a severe crash. Price crashes mean losses. That said, he also feels the price of Bitcoin could somewhat bounce back and stabilize. Granted, all this is one man’s opinion. Considering Shervin Pishevar’s background, hearing what the man has to say becomes worthwhile.
Pishevar does note something interesting about the value of cryptocurrency. Cryptocurrency presents a means by which money crosses all borders. It doesn’t find itself locked into the fortunes and misfortunes of a nation’s economic situation. The free-flow of a new currency brings forth a sense of wonder. Concerns arise as well. Cryptocurrency represents an unregulated industry. Lack of regulation brings forth risks. The opposite may turn out to come true as well. Nations could end up overregulating cryptocurrency, which could hinder investors.