This document discusses reasons why Ethereum's price has surged and why it may surpass Bitcoin in the future. It cites Ethereum's flexibility, developer community, lower costs and faster transaction speeds compared to Bitcoin. The document also projects future price increases for Ethereum based on models of its circulating supply and capitalization reaching levels higher than Bitcoin at various price points. It notes that Ethereum's upcoming switch to proof-of-stake will dramatically decrease the inflation rate of new ethers entering circulation.