Circle CEO Jeremy Allaire on what is driving the 2020 Bitcoin rally

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Bitcoin has emerged as 2020's surprise winner, topping all of the major asset classes from stocks to bonds to commodities. The world's largest cryptocurrency broke above $20,000 for the first time ever this month, bringing its 2020 advance to more than 180%. Circle CEO Jeremy Allaire joins "Squawk Box" to discuss Bitcoins rally this year and where the crypto market may be headed from here.
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