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 agree with you in some countries people are shifting to crypto because most of stocks now are moving downward a couple of years now and other stocks do not move that much compare to crypto currencies. A lot of people now are more interested in investing in crypto currencies because of the possible rate of returns compare to stocks. As i can see that a lot of stocks now in the market are stagnant and the profitability rate is very low. Crypto currency is a high volatility asset but if you have invested at a low price at the right time the profitability is very high. Most people now are aiming good enough profit but of course the investors should enhance their knowledge about crypto currencies to avoid such a big losses.
Cryptocurrency looks so attractive that many people are turning into crypto,
this is also accompanied by the rapid development of crypto and I'm sure this development will continue,
Bitcoin is also getting more and more popular and I think that is a testament to that.