> If you'd invested in Bitcoin in 2016, you'd have made a 200x return

Except you would've probably sold it at any of 1.5x, 2x, 4x, or 10x points. That's what people keep missing about this whole "early bitcoin". You couldn't tell it will 2x at 1.5x, you couldn't tell it will 4x at 2x, and so on.