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 don't think so, if anything crypto drew in a new crowd of people who hoped to follow the latest gold rush and "get rich quick" scheme. However the type of person who is really successful with stocks will generally be using strategies requiring a lot of patience, research and potentially sticking with an investment for a long time frame. However the same cannot be said for people who have funds kept in crypto and undiversified, because there simply is no long term evidence that it will succeed although this is of course changing year by year. Stocks are a small slice of actual companies, offering goods and services, that make a profit which is returned to shareholders in different ways - they are the business world that exist around us all.
So its really that truly that impossible that it would really be wiping out the total interest of people into stocks or even on foreign exchange considering that these things are existing around which means that they would here to stay. There's no solid truth about having that reduced interest because of the existence of Bitcoin or cryptocurrencies which we know that to those who had investing on traditional markets might really be able to check out on other things which are currently on trend on which it would be understandable that they would really be making out some diversification on other markets as form of spreading out your investment even more.
We know that basic concepts on how these things works on which it would really be that normal that the more investment you do have the more income or profits you could made but as we all know that there's no
such thing about guarantees when it comes to this manner.