Jeff Garzik, an early Bitcoin developer, maintains a bullish long-term view on Ethereum, emphasizing its technological significance and the widespread adoption of the Ethereum Virtual Machine (EVM). Ethereum's price recently surged past $3,800, reflecting a 60% increase over the past month, raising questions about the sustainability of this rally. Garzik believes Ethereum will thrive due to its foundational role in Web3 development, dismissing concerns posed by competing blockchains as 'Ethereum killers.' He noted the substantial investment interest in Ethereum, with recent ETF inflows indicating robust institutional confidence. Despite its past price drops, Garzik argues that Ethereum's longevity is assured due to its robust ecosystem and utility in smart contracts. Moreover, Ethereum's influence is evident across multiple blockchains leveraging the EVM technology. Garzik doesn't offer specific price predictions, instead focusing on the enduring importance of Ethereum and Bitcoin in the evolving crypto landscape.

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