Taxing Bitcoin ‘doesn’t make a ton of sense’ — Fund manager
Fund manager Bill Miller IV says the government shouldn’t be able to tax Bitcoin because it requires no work on their end.
Governments have no right to tax Bitcoin because managing ownership rights requires no administrative efforts, 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.