Jeff Garzik, an early Bitcoin developer, holds a positive long-term view on Ethereum, believing its technology, particularly the Ethereum Virtual Machine (EVM), will ensure its success. Ethereum has seen a price surge, exceeding $3,800, reflecting a 60% increase over the month. Garzik argues that Ethereum's technological foundation is crucial for its survival and growth, as it remains the standard for smart contracts in the blockchain ecosystem. Despite concerns over competitors like Solana, Garzik emphasizes that these rival platforms lack the time and market presence that Ethereum has established. He points out that recent investments into Ethereum, including substantial inflows into Ethereum ETFs, demonstrate strong institutional interest. Garzik predicts that Ethereum and Bitcoin will continue to lead in the cryptocurrency landscape, especially given the foundational role they play in supporting a broad range of projects and innovations across the blockchain sector.

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