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.
Quoted for truth. They don't understand it so they dismiss it. The future is cryptocurrencies whether it be Bitcoin, Litecoin, the altcoins, or some other future protocol. This is very reminiscent of the newspaper owners many years ago that dismissed the Internet but as we now know the Internet is best method of exchanging news and information there is. Cryptocurrencies are to money what the Internet is to informatoin.
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