Shervin Pishevar is one of the most respected venture capitalists around the world. Recently, the founder of Investment company has been oozing with knowledge where he recorded various information about his feelings on the economy of the United States on his Twitter account. Shervin, who has significant interests in Virgin Hyperloop had something to say about the emerging bitcoin technology. The new method of payment is taking the world by storm, and its high time individuals listen to what the experienced investor has to say.
Shervin Pishevar notes that digital currencies will continue to depreciate for a prolonged period up to that point where they will stabilize and start appreciating once again. The Uber Investment personnel seems to have some truth in it given that for a more extensive period, digital currencies have been depreciating making the holders of bitcoin uncertain about their investments. Despite the attraction and fame associated with the new form of payment, there seems to be a precedent level of risk associated with holding this currency.
What I look for founders and teams:
— Shervin Pishevar (@shervin) June 26, 2018
Shervin Pishevar puts across that the holders of digital currency should be aware that despite the current trends, they should continue holding the digital money because the currencies will continue to depreciate down to a particular level after which they will start to appreciate. Digital currencies have been highlighted severally that they will be a game changer for the development of the world and the way people will be performing their transactions. For example, blockchain technology will prove to be effective in preventing fraud as only individuals with the required and necessary password will be able to access the payment system.
Shervin Pishevar might have some sense in it because the expected rise of digital currency has to wait before it can start to be approved by various individuals around the world. There are many persons out there who still think that online money is a scam which makes them shun away from this method of payment. As individuals continue to embrace blockchain technology and other digital currencies such as Bitcoin, digital currencies will be bound to appreciate because all individuals will be welcoming them to transact with individuals in different parts of the world.