Lol I can guarantee that that's definitely not the case for the majority. Let's first take note that not every single person that's in the stock markets aren't there to trade. An investor who's asset's went down in value would definitely not move to bitcoin. If anything, the right move(and I assume what a good number of them would do) is to buy the dips on certain stocks that they're bullish on in the long-term.
When majority investors in fear, wouldn't they sell off their assets first before buying the dips? Isn't it possible for them to take other investment options when they feel the fear will last long? hence bitcoin could be one of the option for them.
But if you are a type of person who won't take
cut-loss then I would agree with you.