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Take Two

Could you become a Bitcoin millionaire?

A pile of Bitcoins are shown here after Software engineer Mike Caldwell minted them in his shop on April 26, 2013 in Sandy, Utah.
A pile of Bitcoins are shown here after Software engineer Mike Caldwell minted them in his shop on April 26, 2013 in Sandy, Utah.
(
George Frey/Getty Images
)

Take Two translates the day’s headlines for Southern California, making sense of the news and cultural events that affect our lives. Produced by Southern California Public Radio and broadcast from October 2012 – June 2021. Hosted by A Martinez.

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Could you become a Bitcoin millionaire?

Bitcoin, the anonymous cyber currency, has had a wild few weeks. It's gone from less than $300 per coin to more than $900 just a few days ago back down to just over $600 today.

On Monday there was a congressional hearing on the currency for the first time, which gave it just a hint of legitimacy. It's technically possible to become a Bitcoin millionaire, but what's the likelihood?

Tess Vigeland talks to Ashlee Vance from Business Week about investing in Bitcoin the currency's ups and downs.