Jeff Garzik, a prominent early Bitcoin developer, remains optimistic about Ethereum’s future, emphasizing its significant role in the Web3 landscape. He noted that Ethereum's Virtual Machine (EVM) is crucial for the execution of smart contracts and remains widely utilized across various blockchain projects. Recently, ETH's price surged past $3,800, marking a 60% increase over the month, raising the question of sustainability. Garzik believes that Ethereum's technological foundations, rather than just investor interest, underpin its long-term success. Despite concerns regarding rival blockchains like Solana and others, he argues that these alternatives lack the longevity and established market presence of Ethereum. He predicts that both Bitcoin and Ethereum will endure in the coming decades, as they are ingrained in the many ecosystems relying on their technology. Garzik's insights reflect a belief that Ethereum will not only survive but thrive amid evolving competition.

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