Fund manager Bill Miller IV says the government shouldn’t be able to “reach their hand” into the taxation of Bitcoin, as no work is required on their end.
The government has no right to tax Bitcoin because it requires no administrative effort to manage ownership rights, says Miller Value Partners chief investment officer Bill Miller IV.
“For them to reach their hand in there doesn’t make a ton of sense,” Miller told Natalie Brunell on the Coin Stories podcast on Wednesday.
Miller, known for his early Bitcoin (BTC) advocacy, said Bitcoin doesn’t rely on government infrastructure to verify or enforce property rights, unlike traditional assets such as real estate.
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