Bitcoin volatility will decrease over time, says Digital Chamber of Commerce president

The price of bitcoin rose after El Salvador became the first country to adopt bitcoin as legal tender. Bitcoin is known for wild price swings that have prompted critics to suggest it is not suitable to be an effective currency. It’s still unclear how El Salvador will ultimately roll out bitcoin as legal tender. Perianne Boring, founder and president of the Digital Chamber of Commerce, joined "Squawk Box" on Wednesday to discuss.