Jeff Garzik, an early Bitcoin developer, expressed a bullish outlook on Ethereum, anticipating its continued success due to the usefulness and widespread adoption of the Ethereum Virtual Machine (EVM). Ethereum's price surged past $3,800 this week, increasing approximately 60% over the past month, which has sparked discussions about the longevity of its revival. Garzik emphasized that Ethereum's technological significance, rather than sheer investor interest, underpins its potential for long-term success. He dismissed fears about Ethereum being overtaken by newer platforms like Solana and Aptos, noting that they lack Ethereum's market history and ecosystem engagement. Despite Ethereum's recent struggles, including a significant drop in April, Garzik believes that its foundational technology remains crucial for decentralized applications and smart contracts, indicating the altcoin's relevance in the blockchain space for years to come.

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