Is China creating an alternative global ecosphere based on Blockchain/and Bitcoin like currency—a system in which speed and AI-systems and fast data transfer, processing, analytics are critical and in which China has a decisive edge? China will become the dominant power over night—without firing a shot. Chinese strategy–if you design an alternative economic system, in which you set the standards–your national wealth can skyrocket in a very short time. Economic power determines global political and subsequently military power.
Based on the topic, please an essay that states the pros and cons, possible U.S. vulnerabilities, and perceived outcome. Please use as many resources as needed.