M Faber is yet another clueless old-world Warren Buffet type who does not understand the bottom-line technology behind the protocol - and, by extension does not perceive the disruptive impact it will have upon the payment processing business.  The Bitcoin protocol technology and derivatives will all but eliminate the yearly $1.5 trillion dollar transaction fee "business". That's 1.5 trillion reasons right there why this guy is wrong.

It's ironic that only now is he throwing his opinion into the ring when Bitcoin is in the greatest hot pan it likely has ever been.  Cowardice as usual.