How China and Facebook's 'Libra' are driving up Bitcoin's price

Bitcoin was on the rise Thursday morning after a sell-off overnight. It hit a price of nearly $14,000 on Wednesday. The cryptocurrency jumped nearly 200% since the beginning of April. Michael Novogratz, CEO of Galaxy Digital, joins "Squawk Box" to discuss what might be behind the surge.
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Thu, Jun 27 20199:28 AM EST