Jeff Garzik, an early Bitcoin developer, expresses a bullish outlook on Ethereum, emphasizing its long-term potential due to the widespread use of the Ethereum Virtual Machine (EVM). Ethereum's price has surged past $3,800, marking a 60% increase in the last month. Despite challenges, including a drop to $1,410 in April amid concerns over competition from other blockchains, Garzik believes Ethereum's technological strength will ensure its longevity. He highlights the recent spike in institutional investments, including substantial inflows into Ethereum ETFs. Furthermore, Garzik notes the compatibility of Ethereum’s tech in new projects like his layer-2 Hemi Network. He dismisses claims that newer blockchains can easily surpass Ethereum, asserting that its foundational role in the crypto ecosystem continues to flourish. Garzik concludes with a vision for a future where Ethereum and Bitcoin remain dominant players in the blockchain industry.

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