According to ChainCatcher and Cointelegraph, Bill Miller IV, chief investment officer of Miller Value Partners, recently stated in the Coin Stories podcast that the government lacks a rational basis for taxing Bitcoin. He pointed out that Bitcoin property rights verification is completed entirely through the blockchain, without relying on government administrative systems, which fundamentally differs from traditional assets like real estate.
Bill Miller IV believes that the current tax system is primarily used to maintain property registration systems, whereas the Bitcoin network has achieved automated property rights management. His father, Bill Miller III, a well-known investor, previously revealed that he allocated 50% of his personal assets to Bitcoin and related enterprises.
