Jeff Garzik, an early Bitcoin developer, expressed a strong, long-term bullish view on Ethereum, emphasizing its technological significance. He noted that Ethereum's price has surged to over $3,800, attributing this rally to the continued adoption and usability of the Ethereum Virtual Machine (EVM), which remains a preferred platform for smart contracts. Despite a prior price drop to $1,410, Garzik believes Ethereum will maintain its status as a major player in the crypto landscape, driven by widespread development on its platform. He dismissed concerns about Ethereum competitors, arguing that many do not have the longevity or trust of Ethereum. Garzik highlighted the increasing institutional investments in Ethereum, with significant inflows into Ethereum ETFs recently recorded. He urged looking at Ethereum from a technological standpoint, predicting its relevance for the next decade or more due to its extensive ecosystem.

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