Shervin Pishevar has long been one of the most vocal proponents of cryptocurrencies and the potential benefits that their widespread adoption may bring. Unlike many pundits throughout the country, Shervin Pishevar has carefully laid out solid arguments as to why cryptocurrencies with large-scale circulation, like Bitcoin, do, in fact, bring a tremendous amount of intrinsic value to the table. Shervin Pishevar is of the camp that says that these cryptocurrencies are exactly that: currency.
This means that they can store value and act as a long-term way to safeguard wealth. He also says that they have real intrinsic value, like gold, platinum or other tangible commodities. But unlike those tangible commodities, Shervin Pishevar says that one of the components of the intrinsic value of cryptocurrency is its ability to move freely and without friction throughout the entire word, transcending borders, governments and all the regulations that impede the absolute free flow of capital across the globe. This, in Shervin Pishevar’s opinion, is the real source of the intrinsic value of cryptocurrencies. And this is why he believes that current valuations are not inappropriately high.
Thank you Larry Ellison for defending @elonmusk
“He’s landing rockets on robot drone rafts in the ocean and you’re saying he doesn’t know what he’s doing. Well, who else is landing rockets? You ever land a rocket on a robot drone? Who are you?” https://t.co/lERmntsJ9t
— Shervin Pishevar (@shervin) October 26, 2018
But Pishevar says that this feature of cryptocurrency, the ability of the blockchain to allow instantaneous and truly global transactions without any interference of any kind from governing authorities, will eventually bring a great deal of heat on cryptocurrencies and those companies that build their business around dealing in them. Shervin Pishevar says that this is already happening in the United States, with the crackdowns on some independent coin offerings, also known as ICOs. But he warns that anyone within the United States and other advanced countries will likely eventually have to face the consequences of their governments trying to put a lid on this novel form of payment.
However, Pishevar has said that he believes that in the end, the cryptocurrencies will prevail, enabling a truly non-governmental parallel economy to spring up and eventually partially or fully replace the government-run economy. This, says Pishevar, would represent the first truly free-market economy and something close to a libertarian ideal.