Jeff Garzik, an early Bitcoin developer, expresses a bullish long-term view on Ethereum, emphasizing its utility and the widespread adoption of the Ethereum Virtual Machine (EVM). Ethereum's price recently surpassed $3,800, with a notable 60% gain over the past month. Despite concerns over competition from other blockchains like Solana, Garzik believes Ethereum's technological contributions will secure its future, as many projects continue to build on the EVM. The Ethereum Foundation has recovered from leadership changes and a significant price drop earlier in the year, and increased institutional investment has supported its rally. Garzik noted the impressive inflows into Ethereum ETFs and highlighted that the EVM's programmability remains a standard choice for developers. He acknowledges the challenges posed by newer blockchains but argues that they lack the established market presence that Ethereum enjoys. He concludes that both Bitcoin and Ethereum are likely to endure for decades ahead.

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