Depends on your definition of "derped."


Just think about if Billy (this isn't Billy no coiner, is it?) had saved his $1 million under his mattress until 2013, and then he saw the BTC prices rising in 2013 - and then in 2013 he did a back of the napkin calculation and he realized that his $1 million was ONLY worth about $200k (in 1965 dollars)... and also he realized that his having had kept his bitcoin under the mattress for 38 years was not really helping him in terms of his attempt at delayed gratification. 

Therefore, Billy decided to put his $1 million to work. At the end of 2013, he decided to invest $200k into bitcoin (he bought about 200 BTC at $1k each. which was close to the then top of the BTC prices of that time period, but how would Billy know that?), and to invest $800k into various stock index funds. 

What would be Billy's approximate result in 2023?  If we were to be generous and we consider that his various stock index funds might have performed in such a way to double** in value in 9 years, so that those stock index funds were nominally worth $1.6 million (but still probably not really increased in purchasing power since the cost of everything had doubled too), but if we consider the BTC price of $23k-ish, his 200 BTC would be worth about $4.6 million (right around the amount that Luke Dasher lost)... So even though Billy bought only 200 BTC at the top of the 2013, prices, he still seems to be doing pretty good with his BTC purchasing power, as compared to the purchasing power of the other $800k that he invested into various stock index funds, no?

**By the way, I believe that most average investors would be hard-pressed to find that there various stock investments are currently double in nominal value from late 2013.. and maybe they are going to have numbers that are more in the ballpark of 70% - however, we can still give some benefit of the doubt to suggest that Billy might have been able to overall outperform the market by choosing "smart" stock index funds.