The Bill Miller IV Interview: Bitcoin as the Global Denominator of Capital
Overview of the Bill Miller IV Interview
Bill Miller IV, the Chief Investment Officer (CIO) of Miller Value Partners and a speaker at Bitcoin 2025, recently participated in an interview with Bitcoin Magazine's "The Culture Bit." In this interview, he presents a compelling argument for Bitcoin as the primary unit of capital worldwide, focusing on its significance in the financial markets.
Exploring Bitcoin Beyond Digital Gold
In the interview, Bill Miller IV emphasizes that Bitcoin represents more than just a digital version of gold. He views it as a strategic response to controlled outcomes, financial disorder, and entrenched institutional practices. Miller discusses the relevance of Michael Saylor's approach and the importance of corporate adoption of Bitcoin, asserting that hesitation among investors towards Bitcoin is no longer viable.
Insights from Bill Miller III and Bitcoin
Bill Miller IV's perspective on Bitcoin is influenced by his father, Bill Miller III, who disclosed a substantial Bitcoin investment in 2022, with the cryptocurrency comprising a significant portion of his portfolio. Drawing upon his extensive investment background, Bill Miller IV elaborates on how Bitcoin addresses inherent flaws in traditional fiat currencies through principles of game theory, governance, and foundational design. He expresses unwavering confidence in Bitcoin, stating, "I purchase Bitcoin daily, and it is the last asset I would ever part with."
Bill Miller IV's Approach to the Bitcoin Market
With over a decade of experience in Bitcoin investments, Bill Miller IV provides insights into his strategies for navigating the evolving Bitcoin landscape beyond 2025. His profound belief in Bitcoin's potential as a transformative asset underscores his continuous engagement with the cryptocurrency market.
For the complete interview, you can watch the full video on Bitcoin Magazine's YouTube channel, X platform, Rumble, and the Bitcoin Magazine Podcast.
This article, "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
How can I withdraw from an IRA with Precious Metals?
If you have a precious IRA company such Goldco International Inc. account, you may be tempted to withdraw your funds. This will ensure that your metals are worth more than if they were in an account with a precious metal IRA company like Goldco International Inc.
Here are the steps to help you withdraw money from your precious-metal IRA.
First, find out whether your precious metal IRA provider allows withdrawals. Some companies offer this option while others do not.
Second, you should determine if your metals are tax-deferred. Most IRA providers offer this benefit. Some do not, however.
Third, you should check with the provider of your precious metal IRA to determine if there are fees for these steps. It is possible that the withdrawal will be more expensive.
Fourth, keep track of your precious metal IRA investments for at least three years after you sell them. In other words, wait until January 1st each year to calculate capital gains on your investment portfolio. Fill out Form 8949 and follow the instructions to calculate how much gain you've realized.
You must file Form 8949 and also report any sale of precious metals to IRS. This step ensures that you pay taxes on all profits earned from your sales.
A trusted attorney or accountant should be consulted before you sell your precious metals. They can help ensure you follow all necessary procedures and avoid costly mistakes.
Can I store my Gold IRA at Home?
An online brokerage account is the best option to protect your investment funds. You have all the investment options you'd get if you had a traditional broker. However, you don't require any licenses or qualifications. Additionally, investing is free.
Online brokers often offer free tools to help manage your portfolio. To see the performance and trends of your investments, you can download charts from these brokers.
What is the cost of gold IRA fees
The average annual fee for an individual retirement account (IRA) is $1,000. However, there are many different types of IRAs, such as traditional, Roth, SEP-IRAs, and SIMPLE IRAs. Each type has its own set requirements and rules. If the earnings are not tax-deferred you could be subject to taxes. It is important to consider how long you plan on keeping the money. If you plan to keep your money longer, you can save more money by opening a Traditional IRA instead of a Roth IRA.
A traditional IRA allows for contributions up to $5500 ($6,500 if older than 50). A Roth IRA gives you the ability to contribute unlimited amounts per year. The difference between them? With a traditional IRA, the money can be withdrawn at your retirement without tax. With a Roth IRA, however, any withdrawals will be subject to taxes.
What are the 3 types IRAs?
There are three basic types of IRAs. Each type has its benefits and drawbacks. Each of these types will be described below.
Traditional Individual Retirement Accounts (IRA)
Traditional IRAs allow you to make pretax contributions to an account that allows you to defer taxes while still earning interest. Withdrawals from this account are exempted from tax once you have retired.
Roth IRA
Roth IRAs allow after-tax dollars to go into an account. Earnings are exempt from tax. When you withdraw funds from the account for retirement purposes, withdrawals are also exempted from tax.
SEP IRA
This is similar to a Roth IRA, except that it requires employees to make additional contributions. These additional contributions are taxed, but any earnings grow tax-deferred once again. The entire amount can be converted to a Roth IRA if you are leaving the company.
Can I add gold to my IRA?
Yes! Gold can be added to your retirement plan. Because it doesn’t lose value over the years, gold makes a good investment. It is also immune to inflation. And you don't have to pay taxes on it either.
You need to understand that gold is not like other investments before you invest in it. You cannot purchase shares of gold companies like bonds and stocks. Nor can you sell them.
You must instead convert your gold into cash. This means that you'll have to get rid of it. It's not enough to hold on to it.
This makes gold an attractive investment. Similar to other investments, gold can be sold at any time. This is not true for gold.
The worst part is that you cannot use your gold to secure loans. For example, if a mortgage is taken out, you may have to sell some of your gold in order for the loan to be paid.
What does this translate to? Your gold can't be kept forever. You'll have to turn it into cash at some point.
There's no need to be concerned about this right now. To open an IRA, all you need is to create one. Then, you can invest in gold.
Can you hold precious metals in an IRA?
The answer to this question depends on whether the IRA owner wants to diversify his holdings into gold and silver or keep them for safekeeping.
If he does want to diversify, then there are two options available to him. He could either buy physical bars of silver and gold from a dealer, or he could sell the items to the dealer at year's end. Let's say he doesn’t want to sell back his precious metal investment. In this case, he should hold onto the investments as they are perfect for storing inside an IRA account.
Are precious metal IRAs a wise investment?
Answers will depend on the amount of risk you are willing and able to take in order for your IRA account to lose value. These are good if you have $10,000 of cash and don't expect them grow quickly. However, if you plan on saving for retirement over several decades and want to invest in assets that are likely to increase in value (gold), these may not be the best choice. You may also have to pay fees, which can reduce your gains.
Statistics
- You can only purchase gold bars of at least 99.5% purity. (forbes.com)
- SEP-IRA”Simplified employee pension” For self-employed people like independent contractors, freelancers, and small-business ownersSame tax rules as traditional IRASEP IRA contributions in 2022 are limited to 25% of compensation or $66,000, whichever is less4. (sltrib.com)
- If you accidentally make an improper transaction, the IRS will disallow it and count it as a withdrawal so that you would owe income tax on the item's value and, if you are younger than 59 ½, an additional 10% early withdrawal penalty. (forbes.com)
- Same tax rules as traditional IRA SEP IRA contributions in 2022 are limited to 25% of compensation or $66,000, whichever is less Before setting up a Silver IRA, understand the fees and IRS restrictions. (sltrib.com)
External Links
takemetothesite.com
regalassets.com
investopedia.com
wsj.com
How To
How to Buy Silver With Your IRA
How to purchase silver with your IRA – The best way of investing in silver and gold is to directly own physical bullion. Silver bars and silver coins are a popular way to invest because of their liquidity, diversification, convenience, and ease.
There are many options available if you wish to purchase precious metals such as gold and silver. You can purchase them directly from their producers, such as mining companies and refiners. Or, if you don't want to deal with the hassle of dealing directly with a producer, you can buy them from a dealer who buys and sells bullion products.
This article will explain how to invest in silver with an IRA.
- Investing Directly in Gold & Silver – This is the first way to get precious metals directly from their source. This means getting the bullion itself and having it delivered right to your door. Some investors keep their bullion at home, while others store it in a secure storage unit. When you hold onto your precious metal, ensure you're storing it properly. Most storage facilities offer insurance coverage that protects against theft, fire, or damage. But, even with insurance, you can lose your investments because of natural disasters and human error. It is always a good idea to store precious metals in safe deposit boxes at banks or credit unions.
- Online Precious Metals Shopping – Bullion online can be a great alternative to carrying around heavy boxes. Bullion dealers offer bullion in a variety of forms, including bars and coins. There are many options for coins, including different shapes and sizes. Coins are generally lighter than bars and easier to transport. There are many different sizes and weights available for bars. Bars come in a variety of sizes and weights. Some bars weigh hundreds while others weigh just a few pounds. The best rule of thumb for choosing the right type of bar is to consider your intended use. You might consider a smaller bar if you intend to give it as a gift. If you are looking to add it as a gift, or to proudly display it, you may want to spend a bit more and buy something larger.
- Dealers for Precious Metal – The third option is to buy bullion direct from dealers. Most dealers are experts in one part of the market: gold or silver. Some dealers specialize exclusively in certain types or bullion, like rounds or minted money. Others are specialists in specific regions. Others are specialists in bulk purchases. You will be able to find competitive prices and simple payment options no matter who dealer you choose.
- Buy Precious Metallics from Retirement Accounts. While technically not an “investment”, it's possible to invest in retirement accounts to gain exposure. For Section 219 to receive tax benefits, you must have a qualified retirement fund that invests in precious metallics. These accounts can be IRAs, 401 (k)s or 403 (3(b) plans). Since these accounts are set up specifically to help you save for retirement, they often offer higher returns than many other investment vehicles. You can also diversify your holdings by opening these accounts. What is the drawback? There are limitations to retirement account investments. These accounts can only be opened by employees who are sponsored by their employers.
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