Jeff Garzik, an early Bitcoin developer, expresses a bullish outlook on Ethereum, emphasizing its long-term viability due to the Ethereum Virtual Machine (EVM). Ethereum’s price surged above $3,800, marking a 60% increase over the past month, prompting discussions about the sustainability of this revival. Garzik highlights that the EVM’s broad adoption for decentralized applications positions Ethereum as a leading platform against competitors, despite a previously challenging period following a drop to $1,410 in April. Ethereum's recent growth can also be attributed to significant institutional investments and the exceptional inflow of funds into Ethereum-based ETFs. While other blockchains like Solana and Aptos are often labeled as 'Ethereum killers,' Garzik is not concerned, remarking that they lack Ethereum's longevity and market presence. He advocates for a focus on Ethereum's technological advancements rather than short-term price fluctuations, asserting its foundational role in the crypto ecosystem.

Source 🔗