According to Cointelegraph, Bill Miller IV, Chief Investment Officer of Miller Value Partners, recently stated on the Coin Stories podcast that there is no rational basis for the government to tax Bitcoin. He pointed out that Bitcoin property rights verification is completed entirely through the blockchain, without relying on the government's administrative system, which is fundamentally different from traditional assets such as real estate. Bill Miller IV believes that the current tax system is mainly used to maintain the property rights registration system, while the Bitcoin network has achieved automated property rights management. His father, Bill Miller III, a well-known investor, once revealed that he allocated 50% of his personal assets to Bitcoin and related companies. [ChainCatcher]

Bill Miller IV, Chief Investment Officer of Miller Value Partners, questions the rationale for taxing Bitcoin.