Madoff victims only lost 12% of their investments. BTC is many times worse than the biggest Ponzi in history.

According to the US Department of justice, recovery of assets for victims of the scheme totals 88.35% to date. Whereas BTC investors lost 40% in the last 6 months, and 70% from the ATH.

https://www.justice.gov/opa/pr/justice-department-announces-total-distribution-over-4-billion-victims-madoff-ponzi-scheme

h/t  entered_bubble_50