Jeff Garzik, an early Bitcoin developer, expresses a positive long-term outlook for Ethereum, stating that its utility and the widespread use of the Ethereum Virtual Machine (EVM) will sustain its relevance in the crypto market. Recently, Ethereum's price surged past $3,800, reflecting a 60% increase over the past month. Garzik emphasizes that Ethereum's technical advantages position it for continued success despite competition from rival blockchains like Solana. The recent ETH price rally suggests a resurgence of interest among investors, highlighted by significant inflows into Ethereum ETFs. Garzik believes Ethereum's foundational role in facilitating smart contracts and programmability will keep it thriving in the long term. He avoids making short-term price predictions but insists that Ethereum and Bitcoin will dominate the blockchain landscape for the foreseeable future. Meanwhile, institutional interest is also growing, as evidenced by billions in new investments from Ethereum treasury companies.

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