Jeff Garzik, an early Bitcoin developer, expresses a positive outlook on Ethereum, emphasizing its long-term viability due to the widespread use and importance of the Ethereum Virtual Machine (EVM). He notes that Ethereum has recently surged to over $3,800, gaining approximately 60% in value over the past month. This increase comes after a challenging period where ETH fell to $1,410 earlier this year amid concerns that competing blockchains could overshadow it. However, recent trends indicate strong institutional interest in Ethereum. Garzik believes that its technological advances, especially in programmability, ensure its future in the crypto ecosystem, outweighing his concern for its price fluctuations. He refrains from giving specific price predictions but maintains confidence in Ethereum's enduring relevance in the evolving blockchain landscape.

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