Jeff Garzik, an early Bitcoin developer, expresses a bullish outlook on Ethereum, emphasizing its critical role in the decentralized ecosystem. He discusses Ethereum's price surge to over $3,800, marking a 60% increase in the last month, while highlighting the significance of the Ethereum Virtual Machine (EVM) for developers. Despite past challenges, such as Ethereum’s drop to $1,410 and leadership changes, Garzik believes in the long-term potential of the platform, which remains a hub for smart contracts. As ETH’s value recovers, institutional interest spiked, with Ethereum ETFs seeing significant inflows. Garzik asserts that Ethereum’s technology will maintain its edge against emerging competitors like Solana, noting that while newer blockchains claim superiority, they lack Ethereum’s established market presence. He emphasizes the historical importance of both Bitcoin and Ethereum in the next decade, underlining Ethereum’s extensive utilization across a range of projects, supporting its longevity.

Source 🔗