The acceptance of Bitcoin by merchants as a form of payment has increased over the years, but it is still not widely accepted as compared to credit cards and PayPal.

The chances of Bitcoin being accepted by merchants depend on several factors such as its stability, security, and ease of use. Bitcoin’s price volatility has been a concern for merchants as it can result in price discrepancies and potential losses. However, as the cryptocurrency market matures and stabilizes, these concerns may diminish.

Additionally, merchants must be equipped with the necessary infrastructure to accept Bitcoin payments, such as a digital wallet and a payment processing system. While this infrastructure is becoming more widely available, it is still not as ubiquitous as credit card payment systems.

Finally, customers must also be willing to pay with Bitcoin. While the number of people using Bitcoin is growing, it is still not as widely adopted as traditional payment methods like credit cards and PayPal.

In summary, while the acceptance of Bitcoin by merchants is increasing, it is still not widely accepted as compared to credit cards and PayPal. The chances of Bitcoin being adopted by merchants will depend on factors such as its stability, security, and ease of use, as well as the availability of necessary infrastructure and customer demand.