#HODLTradingStrategy The fiscal uncertainty of Bitcoin indicates that "it is still early."

Meanwhile, Miller said that traditional asset managers still face obstacles when buying Bitcoin, mainly due to the uncertainty surrounding taxation.

"Even as fund managers, we still have huge impediments to actually buying it because of the tax rules on bad income if we buy ETFs and sell them at the wrong time, so all of that needs to be resolved," he said.

"That's why I keep saying that it is still early because the tax rules regarding it are really interesting," he added.

Bill Miller IV is the son of the legendary investor Bill Miller III, a fund manager known for outperforming the S&P 500 for 15 consecutive years at the investment giant, Legg Mason.

In an interview in January 2022, Miller III said that he holds 50% of his net worth in Bitcoin and related investments in major companies in the sector such as Michael Saylor's Strategy and the BTC mining company, Stronghold Digital Mining.