According to online reports, Bill Miller IV, chief investment officer of Miller Value Partners, said that the government has no right to tax Bitcoin because there are no administrative costs required to manage its ownership. "It's really unreasonable for them to reach out to collect taxes." Miller said Wednesday in an interview with Natalie Brunell's CoinStories podcast. Miller, known for his early support of Bitcoin, pointed out that Bitcoin does not rely on government infrastructure to verify or enforce property rights like traditional assets such as real estate. "When you buy and sell a house, all registration taxes and taxes are used to record who owns what." Miller said.