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.
Although no financial instrument offers a guarantee of earnings, it has the potential to earn depending on the risk ratio it carries. Cryptocurrencies provide more earning potential due to their higher risk compared to stocks and therefore attract investors. Due to the changing financial market and investor profile in today's conditions it has managed to attract more attention than stocks.
The biggest reason why investors prefer cryptocurrencies instead of stocks is of course that it has more earning potential in a shorter term. To make a general assessment I think that cryptocurrencies alone do not have enough potential to cause a decrease in interest in stocks.