Far Peak's Tom Farley on why he's still optimistic about bitcoin

Bitcoin continued to rebound from its lows for the year on Wednesday. The cryptocurrency sank below the key $30,000 threshold Tuesday, at one point briefly erasing all its 2021 gains. It later recovered to turn positive for the day. Tom Farley, chairman and CEO of Far Peak and former NYSE president, joined "Squawk Box" on Wednesday to discuss.