Jeff Garzik, an early Bitcoin developer, expresses a strong belief in Ethereum's long-term viability as a key player in the Web3 ecosystem, primarily due to the widespread adoption of the Ethereum Virtual Machine (EVM). Following a significant price surge where Ethereum topped $3,800—marking a 60% increase over the past month—Garzik emphasizes that Ethereum's technological contributions, rather than just investor interest, will drive its success. He believes that despite competitors like Solana and Aptos, none can match Ethereum's established market presence and user base. The recent surge in inflows to Ethereum ETFs further signals renewed institutional interest, as significant investments have been recently made into Ethereum treasury companies. Garzik, while abstaining from predicting specific price movements for ETH, remains optimistic about its enduring relevance, asserting that Ethereum's foundational technology will shape the future of decentralized applications and smart contracts.

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