Bitcoin can't be considered as a good alternative for investments, huge investors don't like huge risks, 1% movement is a lot for them and it happens daily on bitcoin. It can even decrease by 10% or rise the same in one day. Also there are a lot of plans to recover from market crashes but just imagine why will stock holders invest money in bitcoin? It's a question of doubt but I highly believe that won't happen.
Btw if they would invest in bitcoin in 2008 year, it would be a huge success for them.
It's not as bad as you think it is. Investors can and likely will go by allocating 1-5% of their portfolio to Bitcoin in order to hedge risks of the traditional market. It's the best way to move forward, especially in today's world.
The stock market is boiling around all time high levels with insane valuation ratios. Historically, the traditional market doesn't keep going up endlessly. It cycles through various phases and the next one is the correction.
It probably will result in a bear market lasting a year or two at the very least. The stock market is really a ticking time bomb as we speak, and it's waiting for the first institutions to unload billions worth of stocks triggering a domino effect.
Indeed, I do think more investors might start to see cryptocurrency investments as a relative safe haven, if the stock market experiences another severe crash.
With how things are going currently, I wouldn't be too surprised if we witnessed another big crash soon.
Turkey's currency is about to collapse and a lot of European countries rely on a strong Lira.
After that, there will be a domino effect taking more nations with it.