Jeff Garzik, an early Bitcoin developer, remains bullish on Ethereum, citing its long-term utility and the prevalence of the Ethereum Virtual Machine (EVM). Ethereum's price surged past $3,800, reflecting a significant recovery, with a 60% increase over the past month. Garzik argues that Ethereum's technology underpins much of the crypto ecosystem, enhancing its longevity and relevance in the Web3 space. He acknowledges concerns about rival blockchains but emphasizes that none have the market experience of Ethereum. Recently, inflows into Ethereum ETFs reached $2.12 billion, signaling renewed investor interest. Garzik's new project, the Hemi Network, leverages EVM technology, further showcasing Ethereum's foundational role in blockchain development. Overall, Garzik believes that Ethereum will thrive, distancing itself from newer competitors that lack the same level of stability and integration.

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