Opinion: Taxing Bitcoin Is of Little Significance

According to a report by Jinse Finance, Bill Miller IV, Chief Investment Officer of Miller Value Partners, stated that the government has no right to tax Bitcoin because managing its ownership does not incur any administrative costs. "It's simply unreasonable for them to reach out and tax it," Miller said during an interview on the "CoinStories" podcast hosted by Natalie Brunell on Wednesday. Miller, known for his early support of Bitcoin, pointed out that unlike traditional assets such as real estate, Bitcoin does not rely on government infrastructure to verify or enforce property rights. "When you buy or sell a house, all the registration fees and various taxes are used to record who owns what," Miller said.