Of course the market cap is bigger than in 2013.
In 2013 99% of humanity didn't even know what cryptocurrency was.
Now, cryptocurrency is booming, but bitcoin is almost unaffected by the boom.
It should be leading the boom and thriving from it, but instead, it's barely even noticing it.
I am pretty sure ETH is a bubble.
Ask anyone on the streets of they know what ethereum is and nobody will know. Even if ETH were to pass bitcoin in market cap I suspect bitcoin will still be what comes to most peoples mind when cryptocurrency is mentioned.
If you only start to invest in ETH after this has changed, you'll be left behind.
Once the flippening starts, it will be fast and brutal.
The only thing bitcoin has going for it right now is the brand name and the network effect. It has been riding on that for about 2 years. How long do you think it will be able to last?
Bitcoin has liquidity going for it due to the network effect, once it loses the liquidity advantage to something else its days might be numbered as champ.
ETH is gaining quick and although its not meant to really be used as currency if the liquidity is there no reason for people not to use it.
If these issues dont get resolved soon BTC might go the way of the dodo bird and even if it gets resolved it still brought these ugly issues to the surface illustrating its governance risks.