Does the presence of Bitcoin diminish people's interest in stocks? I don't believe so. It is true that Bitcoin prices can fluctuate dramatically within a matter of days, a characteristic that stock investors, who are accustomed to relatively insignificant volatility, must take into account. Currently, the crypto space is still in its infancy when compared to stocks.
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.
The majority of big investors won't hesitate to go through the process, as it concerns the security of their future funds. This serves as evidence that the stock market still holds a significant advantage over Bitcoin.
While there are Bitcoin investors with substantial funds, it pales in comparison to the amount of money invested in the stock market. In my opinion, the existence of complex stages doesn't deter wealthy individuals from buying stocks, as it remains their favored choice.