For some of us that has been speculating that bitcoin is going to pull back to $3,000 and $1500 I don't think the current stability is going to allow that to come to pass and for those that said bitcoin is to moon, maybe above $20,000 the stability is still not going to allow that to happen. However, if bitcoin price is not stable within a range there is not going to be adoptions buy retail and wholesale business. Stability of price is what will help bitcoin become acceptable.
Yes, it would make those merchants think that maybe it would be time to adopt bitcoin as a payment of option. And maybe not only bitcoin but other cryptocurrencies as well such as ethereum, ripple etc. It would be good for the cryptocuurrency market because it would mean that the adoption continues and sooner or later there would be mass adoption.
We would not have our hopes up however because the government would do something about it such as making their own cryptocurrencies so that they would still have control of what people are using.