You are right. Both are suitable for different type of People and business. Most people prefer paypal just it is reliable and trusted for many years. They do not want to take risk for low transactions fee making the transaction to be remain unconfirmed for a longer period of time and many other things of bitcoins which are not suitable for them like unpredictable price of bitcoins .

Honestly, I don't think that bitcoin and Paypal will ever have equal legal status.
As we know, Paypal is legal company in USA, and they have to verify their users, report all transactions to authorities, operate according to the law etc.
Bitcoin is not company, it's decentralized system without any government control.
Because of it, bitcoin swill remain alternative way of payments but many btc users will struggle to legalize their online earnings through bitcoin.
So, they will have to exchange btc funds to real cash.
It's very similar for merchants.
So, I agree that bitcoin will probably become more popular than Paypal but because of legal limitations and money laundry and anti terrorists laws, people will still need to use Paypal.

It really depends on the people or business which is much suitable for them to use. In business like online stores they will prefer the use of Paypal than Bitcoin since it takes a while to process the transactions especially now that the blockchain is congested but soon it will be fixed surely. Also some people prefer using Bitcoin as  a payment to the services they offered rather than Paypal but some do.

The volume of bitcoin transaction might be bigger, but its due to mining in the general, if we would be able to trace the bitcoin really spent it would be for sure a number lower then paypal, due to merchants doesnt work with  bitcoins, paypal is a old company and it has some advantages like instant transactions, even with their high fees, something bitcoin is already having as well.

Almost all people who have Fiat know about PayPal. This is a convenient service that provides fast translations. Unfortunately, today bitcoin can not guarantee the speed of transfers. Therefore, its popularity is not so rapidly spreading

I.don't think bitcoin will overcome PayPal, these are two different things and they don't have the same purpose. PayPal is money service and bitcoin is virtual currency, so in fact they are not competition. And having in mind current fees it seams that PayPal has the better conditions at the moment.

Comparing bitcoin and paypal , it is like comparing apple and pears , they are both fruit but the fundamental difference beyond money. Paypal is a company which does not create new money, usually it is used to buy goods and services online, you need fiat currency to have balance on paypal , bitcoin  is a from of money + you don`t need fiat currency to accept it , bitcoin is like  digital gold rather than money. it can be money but it has its own value too.
 if you use bitcoin only purchase goods  online than , i prefer paypal , it is secure, way faster than bitcoin . have you hurt any scam hype using paypal ?

bitcoin is a crypto
paypal is a wallet service regulated by us government

you can compare paypal with other service like bitpay.

I believe that bitcoin already overcome paypal in terms in users there are a lot of people using nowadays more than paypal and in terms of aspects bitcoin far surpasses paypal as a payment processor.
Bitcoin is faster and more secured than paypal where in paypal your personal info can get easily sniff and spoof by an attacker and you will be an identity theft
While bitcoin network is unhackable and you send and receive anonymously.