Bitcoin is still in the development phase, it will definitely take time to come into the mainstream, but still, bitcoin has proven its existence, since it was born.
When it comes to profitability, comparing Bitcoin to equities is merely a thought.
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.
Investing primarily in Bitcoin is a high-risk endeavor. Because cryptocurrency markets rely heavily on decentralized technologies. It will take time for the general population to grasp and adjust to it, but given the present generation and accessible technology, the majority of the new generation flood comes from Bitcoin and other cryptocurrencies. As a result, crypto and similar technology-related activities will advance at a rapid pace in the future.
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.
Some major reasons for this include: 1. Crypto trading is available 24 hours a day, seven days a week. 2. Decentralized 3. Because the system is entirely virtual, security is critical.
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