In my point of view, the popularity of bitcoin never reduce the interest of people in stock. There are equal number of people who have an equal interest on both bitcoin as well as stock. There is positive connection between cryptocurrency and stock markets. The correlation between the price of cryptocurrencies and the stock market has increased over time. Bitcoin is giving people an investment alternative because before bitcoin this kind of flexibility was only use to offer by stock market.
Between the stock market and the Crypto market are currently still on their respective tracks. in the meaning of. when the crypto market is on the rise. it seems that the stock market also has the same increase. which means the global economic situation and various news related to the global economy have the same impact both on stocks and on crypto. even news about the decision to increase bank interest and decrease bank interest also had the same impact on these two sectors.
But what I know right now is that in the crypto market, most of the market participants are old people. while the crypto market is more dominated by market participants from among the younger generation. these two markets have different enthusiasts. and only a few are included in both.
Graphically maybe yes, the stock market and the crypto market go according to their respective paths, but if it is classified there will be a difference for the levels of people who play in the stock market and the crypto market.
And if you look at the last few years, bitcoin has followed the stock market in its movements, even though bitcoin has fluctuated more.
From the reaction of the masses that I see today, to be precise, generation Z is more interested in crypto than the stock market, while the millennial generation is divided in two, or plays in both of these markets, judging by the influencers I meet in the world of finance, the average generation millennials view moderately.
But for those older than that, most of them still hold on to stocks and I think that today the stock market is dominated by old investors.