Jeff Garzik, a prominent early Bitcoin developer, expresses a long-term bullish view on Ethereum, emphasizing its foundational role in the Web3 ecosystem. He noted that Ethereum's price has recently surged past $3,800, achieving a 60% increase over the past month, sparking questions about the sustainability of this revival. Garzik attributes Ethereum's ongoing relevance to the widespread adoption of the Ethereum Virtual Machine (EVM), which continues to underpin a variety of decentralized applications and projects. Despite facing competition from newer blockchain platforms like Solana, Garzik dismisses these so-called 'Ethereum killers,' citing their lack of historical stability. He focuses on Ethereum's technological superiority and its essential contribution to smart contracts and blockchain programmability. As institutional interest grows, with significant investments flowing into Ethereum, Garzik believes the project is well-positioned for long-term success, regardless of price fluctuations. Overall, he anticipates Ethereum and Bitcoin will remain dominant forces in the blockchain landscape for decades.

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