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.
I don't think so. Infact Covid has greatly increased the interest of people in stock markets. Crypto on the other hand have also got lot of steam due to Covid and the bull run after it but still people doing stocks haven't moved at all. Even in future for let's say even next 10 years it's impossible to turn people to Cryptos from stock. Purely because people find stocks safe as they have government backing and also Cryptos have been too much shamed for money laundering and other illicit activities.