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 think yes, because many people want the possibility of high profits even with high risks, it becomes an attraction for people to be able to take big profits, which is different from the stock market.
I also experienced the same thing, after playing stocks for a long time I thought I would not get big profits and that's why I switched to investing in crypto, even though I know that the risk is bigger than investing in stocks but it's quite worth it with the possible profits that will got.