Will Ethereum Continue to Rally? This Bitcoin OG Is Bullish on ETH
Jeff Garzik, an early Bitcoin developer, expresses a bullish attitude towards Ethereum, stating that it will continue to thrive due to the wide adoption of the Ethereum Virtual Machine (EVM). Recently, Ethereum's price surged past $3,800, reflecting a 60% increase over the past month, which could indicate an 'ETH season' is underway. Garzik highlights the significance of EVM technology for smart contracts, asserting that it remains the default choice for programmability across various blockchain platforms. Despite concerns over competition from newer projects like Solana and Aptos, Garzik remains confident in Ethereum's long-term viability, citing its established presence in the crypto ecosystem. He believes that Ethereum's technology will play a crucial role in the future of blockchain, and the recent increase in institutional investments further bolsters this outlook. Garzik anticipates that both Bitcoin and Ethereum will endure in the market for decades to come.
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