Jeff Garzik, an early Bitcoin developer, expressed a positive long-term outlook for Ethereum, emphasizing its technological utility and the widespread adoption of the Ethereum Virtual Machine (EVM). Ethereum's price has surged past $3,800, marking a 60% increase in a month, prompting questions about the sustainability of this revival. Garzik highlighted that Ethereum will remain a significant player in the Web3 ecosystem, particularly since many projects continue to build on EVM technology. He dismissed concerns regarding newer blockchains, such as Solana and Aptos, suggesting they lack the market experience and time to challenge Ethereum's established position. Despite a prior dip to $1,410 in April 2023, recent developments, including increased institutional investment and significant inflows into Ethereum ETFs, have strengthened Ethereum's position. Garzik anticipates that both Bitcoin and Ethereum will dominate the blockchain landscape for decades, citing Ethereum's essential role in programmability and smart contracts across the ecosystem.

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