Pseudo-Howey Test
	Bitcoin	Gold	Stocks
Does it come from nature?	No.	Yes.	No.
Was it invented by people?	Yes	No.	Yes.
Is it created through difficult work?	No.	Yes.	Yes.
Is it created by CPUs and GPUs?	Yes.	No.	No.
Is it created through a public process?	No.	No.	Yes.
Can it be used as a currency?	No.	Yes.	No.
Is it an investment?	Yes.	Yes.	Yes.
Do man-made rules restrict supply?	Yes.	Yes.	Yes.
Is it unique or special?	No.	Yes.	Yes.