Jeff Garzik, an early Bitcoin developer, expressed a bullish outlook on Ethereum, emphasizing its technological importance and long-term viability in the Web3 landscape. With Ethereum's price recently soaring past $3,800—up 60% in a month—Garzik highlighted the Ethereum Virtual Machine's (EVM) ubiquity as a fundamental asset for developers. Despite facing competition from newer blockchains referred to as 'Ethereum killers,' Garzik remains confident in Ethereum's established presence and adaptability. He noted that many projects still rely on Ethereum's technology, allowing it to retain its competitive edge. Institutional interest is surging, as seen in record inflows into Ethereum spot ETFs. Garzik foresees Ethereum enduring in the crypto ecosystem, likening its stability to that of Bitcoin once investors overcome short-term fluctuations.

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