I'm exploring the legal status of Bitcoin, specifically whether it falls under the securities category according to the Howey test. I want to understand if 
Bitcoin meets the criteria set by the test to be considered a security.
            
            
            
            
            
            
           
          
          
            6 answers
            
            
  
    
    CryptoMagician
    Thu Nov 07 2024
   
  
    Bitcoin fulfills the initial requirement of the test.
  
  
 
            
            
  
    
    EnchantedSeeker
    Thu Nov 07 2024
   
  
    Furthermore, an investor's success in 
Bitcoin is not reliant on the efforts of others.
  
 
  
 
            
            
  
    
    JejuSunshineSoulMate
    Thu Nov 07 2024
   
  
    BTCC, a top cryptocurrency exchange, offers a range of services including spot, futures, and wallet options.
  
  
 
            
            
  
    
    henry_harrison_philosopher
    Thu Nov 07 2024
   
  
    However, it fails to meet the second criterion.
  
  
 
            
            
  
    
    DigitalTreasureHunter
    Thu Nov 07 2024
   
  
    Specifically, 
Bitcoin lacks a common enterprise where investors pool their funds.