Bitcoin Magazine
Exploring Bill Miller IV's Insights
Bill Miller IV, Chief Investment Officer of Miller Value Partners and a speaker at Bitcoin 2025, recently shared his perspective in an interview with Bitcoin Magazine's "The Culture Bit." In this discussion, he presents a compelling argument for Bitcoin as the primary unit of capital worldwide.
During the interview, Bill elaborates on why Bitcoin transcends being just digital gold. He highlights how it serves as a response to controlled outcomes, financial disorder, and institutional resistance. Bill emphasizes the significance of Michael Saylor and Strategy's strategic moves in the Bitcoin space, predicts more corporate adoptions, and stresses that the era of indecision regarding Bitcoin investments is over.
Bill's stance on Bitcoin aligns with his father, Bill Miller III, who disclosed a significant Bitcoin investment in 2022 when the cryptocurrency comprised about half of his portfolio, as reported here.
With insights gained from years of involvement in the industry, Bill illustrates how Bitcoin addresses inherent flaws in traditional monetary systems using game theory, governance principles, and foundational design. He vocally supports Bitcoin, stating, "I purchase Bitcoin daily. It's my most prized asset."
Join us for an in-depth exploration of how one of Bitcoin's most enthusiastic advocates and long-standing investors is navigating the evolving Bitcoin landscape in 2025 and beyond.
For the full interview, visit Bitcoin Magazine's YouTube channel, X platform, Rumble, and the Bitcoin Magazine Podcast.
This article on The Bill Miller IV Interview: Bitcoin as the Global Denominator of Capital was originally published on Bitcoin Magazine and authored by Bitcoin Magazine.
Frequently Asked Questions
Who is entitled to the gold in a IRA that holds gold?
The IRS considers gold owned by an individual to be “a type of money” and is subject taxation.
To take advantage of this tax-free status, you must own at least $10,000 worth of gold and have been storing it for at least five years.
The purchase of gold can protect you from inflation and price volatility. But it's not smart to hold it if your only intention is to use it.
If you plan on selling the gold someday, you'll need to report its value, which could affect how much capital gains taxes you owe when you cash in your investments.
It is a good idea to consult an accountant or financial planner to learn more about your options.
What are the advantages of a gold IRA
An Individual Retirement Account (IRA) is the best way to put money towards retirement. It's not subject to tax until you withdraw it. You have complete control over how much you take out each year. There are many types and types of IRAs. Some are more suitable for students who wish to save money for college. Some are for investors who seek higher returns. Roth IRAs, for example, allow people to contribute after they turn 59 1/2. They also pay taxes on any earnings when they retire. But once they start withdrawing funds, those earnings aren't taxed again. This account is a good option if you plan to retire early.
Because it allows you money to be invested in multiple asset classes, a ‘gold IRA' is similar to any other IRAs. Unlike a regular IRA, you don't have to worry about paying taxes on your gains while you wait to access them. People who prefer to save their money and invest it instead of spending it are well-suited for gold IRAs.
You can also enjoy automatic withdrawals, which is another benefit of owning your gold through an IRA. This eliminates the need to constantly make deposits. To ensure that you never miss a payment, you could set up direct debits.
Finally, gold remains one of the best investment options today. Because it isn't tied to any particular country its value tends be steady. Even in times of economic turmoil gold prices tend to remain stable. As a result, it's often considered a good choice when protecting your savings from inflation.
What are the fees associated with an IRA for gold?
A monthly fee of $6 for an Individual Retirement Account is charged. This includes account maintenance fees and investment costs for your chosen investments.
Diversifying your portfolio may require you to pay additional fees. These fees will vary depending upon the type of IRA chosen. Some companies offer free checking, but charge monthly fees for IRAs.
Most providers also charge an annual management fee. These fees range between 0% and 1 percent. The average rate is.25% per year. These rates are usually waived if you use a broker such as TD Ameritrade.
Can the government seize your gold?
You own your gold and therefore the government cannot seize it. You worked hard to earn it. It belongs to you. This rule may not apply to all cases. You can lose your gold if you have been convicted for fraud against the federal governments. If you owe taxes, your precious metals could be taken away. You can keep your gold even if your taxes are not paid.
What precious metals can you invest in for retirement?
Silver and gold are two of the most valuable precious metals. They are both simple to purchase and sell, and they have been around for a long time. They are a great way to diversify your portfolio.
Gold: This is the oldest form of currency that man has ever known. It's stable and safe. It is a good way for wealth preservation during uncertain times.
Silver: Silver has always been popular among investors. It's a great option for those who want stability. Silver tends instead to go up than down, which is unlike gold.
Platinium: Platinum is another form of precious metal that's becoming increasingly popular. It's like silver or gold in that it is durable and resistant to corrosion. It is however more expensive than its counterparts.
Rhodium: The catalytic converters use Rhodium. It's also used in jewelry making. It is also very affordable in comparison to other types.
Palladium (or Palladium): Palladium can be compared to platinum, but is much more common. It's also more accessible. It's a popular choice for investors who want to add precious metals into their portfolios.
What amount should I invest in my Roth IRA?
Roth IRAs allow you to deposit your money tax-free. These accounts cannot be withdrawn until you turn 59 1/2. If you decide to withdraw some of your contributions, you will need to follow certain rules. First, your principal (the original deposit amount) cannot be touched. This means that no matter how much you contribute, you can never take out more than what was initially contributed to this account. If you take out more than the initial contribution, you must pay tax.
The second rule says that you cannot withdraw your earnings without paying income tax. So, when you withdraw, you'll pay taxes on those earnings. Let's take, for example, $5,000 in annual Roth IRA contributions. Let's say you earn $10,000 each year after contributing. You would owe $3,500 in federal income taxes on the earnings. You would have $6,500 less. You can only take out what you originally contributed.
If you took $4,000 from your earnings, you would still owe taxes for the $1,500 remaining. Additionally, half of your earnings would be lost because they will be taxed at 50% (half the 40%). Even though you had $7,000 in your Roth IRA account, you only received $4,000.
There are two types: Roth IRAs that are traditional and Roth. A traditional IRA allows you to deduct pre-tax contributions from your taxable income. To withdraw your retirement contribution balance plus interest, your traditional IRA is available to you. You can withdraw as much as you want from a traditional IRA.
Roth IRAs are not allowed to allow you deductions for contributions. After you have retired, the full amount of your contributions and accrued interest can be withdrawn. There is no minimum withdrawal limit, unlike traditional IRAs. It doesn't matter if you are 70 1/2 or older before you withdraw your contribution.
How to Open a Precious Metal IRA
It is important to decide if you would like an Individual Retirement Account (IRA). You must complete Form 8606 to open an account. For you to determine the type and eligibility for which IRA, you need Form 5204. This form must be submitted within 60 days of the account opening. Once this has been completed, you can begin investing. You may also choose to contribute directly from your paycheck using payroll deduction.
For a Roth IRA you will need to complete Form 8903. Otherwise, it will be the same process as an ordinary IRA.
To qualify for a precious-metals IRA, you'll need to meet some requirements. The IRS says you must be 18 years old and have earned income. You can't earn more than $110,000 per annum ($220,000 in married filing jointly) for any given tax year. And, you have to make contributions regularly. These rules apply whether you're contributing through an employer or directly from your paychecks.
An IRA for precious metals allows you to invest in gold and silver as well as platinum, rhodium, and even platinum. However, physical bullion will not be available for purchase. This means that you will not be allowed to trade shares or bonds.
Your precious metals IRA may also be used to invest in precious-metal companies. This option is available from some IRA providers.
There are two major drawbacks to investing via an IRA in precious metals. First, they don't have the same liquidity as stocks or bonds. It's also more difficult to sell them when they are needed. Second, they are not able to generate dividends as stocks and bonds. So, you'll lose money over time rather than gain it.
Statistics
- Indeed, several financial advisers interviewed for this article suggest you invest 5 to 15 percent of your portfolio in gold, just in case. (aarp.org)
- Contribution limits$6,000 (49 and under) $7,000 (50 and up)$6,000 (49 and under) $7,000 (50 and up)$58,000 or 25% of your annual compensation (whichever is smaller) (lendedu.com)
- This is a 15% margin that has shown no stable direction of growth but fluctuates seemingly at random. (smartasset.com)
- If you take distributions before hitting 59.5, you'll owe a 10% penalty on the amount withdrawn. (lendedu.com)
- Gold is considered a collectible, and profits from a sale are taxed at a maximum rate of 28 percent. (aarp.org)
External Links
cftc.gov
finance.yahoo.com
bbb.org
law.cornell.edu
- 7 U.S. Code SS7 – Designation of boards for trade as contract markets
- 26 U.S. Code SS 408 – Individual retirement funds
How To
Investing in gold or stocks
These days, it might seem quite risky to invest your money in gold. Many people believe that investing in gold is not profitable. This belief comes from the fact most people see gold prices falling due to the global economy. They fear that investing in gold will result in a loss of money. There are many benefits to investing in gold. Here are some examples.
Gold is the oldest known form of currency. It has been used for thousands of years. People around the world have used it as a store of value. It's still used by countries like South Africa as a method of payment.
Consider the price per gram when you decide whether you should invest in or not. The first thing you should do when considering buying gold bullion is to decide how much you will spend per gram. You could contact a local jeweler to find out what their current market rate is.
Noting that gold prices have fallen in recent years, it is worth noting that the cost to produce gold has gone up. Although gold's price has fallen, its production costs have not.
When deciding whether to buy gold, another thing to consider is how much gold you intend on buying. It is sensible to avoid buying gold if you are only looking to cover the wedding rings. If you plan to do so as long-term investments, it is worth looking into. Selling your gold at a higher value than what you bought can help you make money.
We hope that this article has helped you gain a better understanding and appreciation for gold as an investment option. It is important to research all options before you make any decision. Only after you have done this can you make an informed choice.
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By: Bitcoin Magazine
Title: The Bill Miller IV Interview: Bitcoin as the Global Denominator of Capital
Sourced From: bitcoinmagazine.com/news/the-bill-miller-iv-interview-bitcoin-as-the-global-denominator-of-capital
Published Date: Mon, 31 Mar 2025 21:49:27 +0000
