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 indirectly the popularity of Bitcoin affects one's interest in stocks. Individual interest in these two things, namely Bitcoin and stocks, varies greatly, of course, the increase in people's interest in Bitcoin is proportional to their overall understanding of this digital currency. Maybe the people you mean are domiciled in countries with sound regulations against Bitcoin, meaning that even though Bitcoin is still not legal for transactions, they do not issue regulations to prohibit individuals from investing in cryptocurrency. As for stocks, as we all know, this is legal in every country and some even provide guarantees for possible losses.
When viewed from the side of the advantages and ease of making investments, cryptocurrencies are more reliable than buying stocks. To buy shares, of course, several stages are needed to arrive at the process of taking profits and enjoying them. Of course this is among several factors that influence people to be less interested in investing in stocks along with the popularity of Bitcoin.