Commentary
The world of cryptocurrencies such as Bitcoin and Ethereum is exotic and esoteric. It is also Beijing’s next challenge to the free world.
A representation of the virtual cryptocurrency bitcoin is seen in this picture illustration taken on June 14, 2021. Edgar Su/Reuters
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Clyde Prestowitz
Author
Clyde Prestowitz is an Asia and globalization expert, a veteran U.S. trade negotiator, and presidential adviser. He was the leader of the first U.S. trade mission to China in 1982 and has served as an adviser to Presidents Reagan, George H.W. Bush, Clinton, and Obama. As counselor to the secretary of commerce in the Reagan administration, Prestowitz headed negotiations with Japan, South Korea, and China. His newest book is "The World Turned Upside Down: America, China, and the Struggle for Global Leadership," which was published in January 2021.
