The question of whether Bitcoin should be considered a form of property under Philippine law is a complex and often debated issue. While there is no clear consensus on this issue, some legal experts argue that Bitcoin can be considered a form of property under existing Philippine laws, such as the Electronic Commerce Act of 2000 (Republic Act 8792).

In particular, the Electronic Commerce Act defines "electronic data messages" as any information that is created, generated, sent, received, or stored by electronic means, and specifies that such data messages may be used as evidence in legal proceedings. This definition could potentially cover Bitcoin transactions and other forms of electronic value transfer, and could provide a basis for treating Bitcoin as a form of property under Philippine law.

However, it is important to note that the legal treatment of Bitcoin and other cryptocurrencies under Philippine law is still relatively nascent, and there are many legal and regulatory uncertainties and challenges that must be navigated. As such, individuals and businesses should seek appropriate legal advice and guidance before engaging in any Bitcoin-related transactions or activities, and ensure that they are fully compliant with all relevant laws and regulations.