The rise of Bitcoin

FILE - In this April 3, 2013 file photo, Mike Caldwell, a 35-year-old software engineer, holds a 25 Bitcoin token at his shop in Sandy, Utah. As Venezuela’s national currency loses value at a catastrophic rate, thousands have begun turning to the world of cryptocurrency to salvage what little value remains from their increasingly worthless bolivars. (AP Photo/Rick Bowmer, File)

FILE - In this April 3, 2013 file photo, Mike Caldwell, a 35-year-old software engineer, holds a 25 Bitcoin token at his shop in Sandy, Utah. As Venezuela’s national currency loses value at a catastrophic rate, thousands have begun turning to the world of cryptocurrency to salvage what little value remains from their increasingly worthless bolivars. (AP Photo/Rick Bowmer, File)

The price of the Bitcoin has been skyrocketing lately, with people around the world clamoring to invest in the mysterious digital currency . In fact, the cryptocurrency app Coinbase was downloaded twice as much as Instagram last week. JOHN COLLINS, former head of policy at Coinbase joins us this hour, along with JOSHUA ASHLEY KLAYMAN of the Wall Street Blockchain Alliance Legal Working Group and and ANGELA WALCH, law professor at St. Mary’s University, to talk about the rise of Bitcoin.

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