Stocks give like 20-30% returns in an year but bitcoin and other crypto coins can give this much return in just one day. At such, do you think that increasing popularity of bitcoin has reduced interest of people in stocks.
I think in some countries, people are really shifting to crypto only and most of their investment portfolio is in the form of crypto instead of stocks. The awareness related to crypto is increasing day by day and this more people are getting included in this crowd. Stocks on the other hand become saturated, people have realized that these stocks are not as much profitable as bitcoins. Also, there are other benefits of bitcoins like it can be used for transactions. This cannot be done with stocks.
Not 20 to 30%, if a stock gives 12% return every year then its a very successful and preferable stock to invest however I don't feel it helped the bitcoin to be preferred more cause stock market investors are not really used to this much returns so they still think bitcoin is a bubble just because of the high returns. Bitcoin is not even can stand if you compile all the stock value in this world so this comparison itself unfair.
The millineials generation is the most common group of people we can see in the cryptocurrency investment whereas the stock market is highly occupied by 70s and 80s era people so every generation the investment trend changes.