yes it may do but in reality so what!!
eth passing btc marketcap it needs to go roughly to 600$ to oust btc, thats basically because there are at least 3 times more ether than there is btc infact it may be a lot more than that but at least thats confirmed
eth is great for ico's just now, possibly in time when some dapps become useful but right now if you could name me one working/successful dapp on ethereum then you would be in the minority my friend
im not an ether fudder at heart more of a realist trying to help others see the light before the mortgage money evaporates into the ether lol (see the pun?)