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 guess for sure when cryptocurrency become popular the stock traders and money were surely divided between stocks and cryptocurrency so there are obvious effects of that. When I was getting started on investment I originally planned to invest in stocks just in my country thinking that where I should put my money as an investment, cryptocurrency as an option as well but when I learn and gain knowledge on cryptocurrency I get hooked and started trading and buying bitcoin instead of investing on stocks, I learned that cryptocurrency trading is much faster because of the market volatility of cryptocurrency.
My cousin invests in our country's stock market and he told me that he's doing really well I see most of his posts on his social media post that he's doing pretty well and most of his trades are profitable, in my opinion, it is a much safer investment compared to cryptocurrency since these stocks are a local company and you could invest on long term and expect for a good profit, at the same time there are still risk since company could drop its value if its wasn't doing well.