Jeff Garzik, an early Bitcoin developer, is optimistic about Ethereum's future, asserting its enduring relevance in the Web3 realm due to the broad application of its technology. Ethereum's price recently surged past $3,800, indicating a strong revival with a 60% increase over the previous month. Garzik believes the Ethereum Virtual Machine (EVM) is crucial, as many projects are being developed on it, reinforcing Ethereum's market position despite concerns over Ethereum-killer blockchains like Solana and Aptos. He suggests that Ethereum's technological contributions will ensure its long-term success, as it acts as a backbone for numerous decentralized applications. Garzik highlights that while newer chains boast advanced technologies, they lack the longevity needed to challenge Ethereum effectively. As institutional investment in Ethereum grows—such as the notable inflow into Ethereum ETFs—Garzik remains confident that Ethereum will thrive and remain integral in the crypto space for decades to come.

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