Crypto and stocks have always been the favorite comparison of majority when it comes to the topic of investments. However, these two serves their own purposes and I believe they are intended for different reasons, only that they have similar functions such as in terms of investing, hence people pit them from one another.
Cryptocurrency is a digital currency which may serve as an alternative to fiat money. It is decentralized, meaning there's no entity, organization, or institution that controls and regulates. It used in online transactions only that, it provides stricter security when it comes to identity. It is also a medium and platform to generate money such as when joining the paid campaigns and by investing. Meanwhile, stock market is centralized which stocks belong. It is regulated by the government to avoid and manage the emergence of fraudaulent transactions and illegal activities. Stocks are equities that are part or portion of a company or corporation. People usually invest in stocks because of its long term value.
I do not consider stocks and crypto even remotely close to each other at all. You may live in a nation where stock market is doing good, or it could be a nation where companies are ahead of politicians, for example if you are in USA it is a good idea to have money in stock markets and that's fine, especially if you find a good company to invest into.
However you should remember there are 100+ nations where companies are not doing well because of politics and because of how the nation is bad, hence putting your money into crypto is basically saying "I believe crypto will profit me more than my nation can do in any way" and that is a proven fact for so many nations. I could have bought the best profitable stock of the last year and it wouldn't be 50% of what bitcoin did for example, and that is the most profitable stock, that is why I do not see any point on investing into them if you are in one of those nations.