#MuskAmericaParty Taxing Bitcoin "doesn't make much sense", according to a fund manager.

Fund manager Bill Miller IV said that governments should not be able to tax Bitcoin because it does not require any administrative work on their part.

Governments have no right to tax Bitcoin because managing property rights does not require administrative efforts, said Bill Miller IV, the Chief Investment Officer of Miller Value Partners.

"For them to get involved doesn't make much sense," Miller told Natalie Brunell on the Coin Stories podcast on Wednesday.

The blockchain takes care of property records, not the government.

Miller, known for being one of the early advocates of Bitcoin BTC 91,858 €, stated that Bitcoin does not rely on government infrastructure to verify or enforce property rights, unlike traditional assets such as real estate.

"When you buy or sell a house, all of that registration tax, all those taxes go towards keeping a record of who owns what," Miller said.

"The reality is that, if you think about why you pay taxes in society, it is to enforce property rights," he added.