Jeff Garzik, an early Bitcoin developer, maintains a positive outlook on Ethereum, dismissing any concerns regarding its potential obsolescence due to competing projects. He emphasizes Ethereum's technological advantage, particularly the Ethereum Virtual Machine (EVM), which supports a wide array of applications in the decentralized ecosystem. Recently, Ethereum's price surged to over $3,800, reflecting a robust recovery from its previous lows. Garzik attributes this resurgence to the continued development on the EVM rather than speculative trading. Despite uncertainties surrounding market trends and competing protocols, he believes Ethereum will remain a fundamental player in the blockchain space well into the future, supported by ongoing investments and the proliferation of decentralized finance (DeFi) applications.

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