Well in fairness, isn't that about the same as 95% of retirement accounts at this point, sans the tax issue. I certainly wouldn't call it "winning", but lost from peak, is lost from peak.
Retirement accounts are not a good comp since you cost average by investing with every paycheck. Plus they are tax advantaged which is a huge difference.
But lets just pretend that you put equal amounts in SPY and BTC on Jan 1 2019 and held until now. This is what your account looks like. Are you up +$41k or down $120k? Both are true.
All of this is theoretical though since very few of the BTC bros are actually up. They bought high and are sitting on losses which is why they engage in magical thinking about what BTC really is or how we will all be really sorry 2 years from now.
SPY | BTC | |
Jan-19 | $ 10,000 | $ 10,000 |
Peak | $ 18,675 | $ 172,700 |
Current | $ 15,331 | $ 51,850 |
From inception | $ 5,331 | $ 41,850 |
From peak | $ (3,343) | $ (120,850) |