Taxing Bitcoin ‘doesn’t make a ton of sense’ — Fund manager
2025-07-06 03:44:48
Main Idea
Fund manager Bill Miller IV argues that taxing Bitcoin doesn't make sense because the blockchain handles ownership recording, not the government, and the government didn't create Bitcoin.
Key Points
1. Bill Miller IV stated that the government shouldn't tax Bitcoin as it requires no work on their end and the blockchain handles ownership recording.
2. He compared Bitcoin to real estate, noting that the government doesn't need to track ownership for Bitcoin as it does for property.
3. Miller expressed uncertainty about Bitcoin ever having a property tax but suggested there's a good argument against it.
4. He highlighted ongoing uncertainty and impediments around Bitcoin taxation, even for fund managers.
5. Miller is the son of legendary investor Bill Miller III, known for his investment success.
Description
Fund manager Bill Miller IV says the government shouldn’t be able to tax Bitcoin because it requires no work on their end.
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