Cryptocurrencies may continue to shake as geopolitical risks persist

Coinbase, the "No. 1 crypto exchange", announced its fourth quarter and full-year 2021 results last Thursday after the bell, with revenue of $2.5 billion exceeding market expectations, compared with $585 million in the same period last year, and net profit of $840 million, compared with $177 million in the same period last year. For the full year 2021, Coinbase reported revenue of $7.839 billion, compared to $1.277 billion in the same period last year, and net income of $3.624 billion, compared to $322 million in the same period last year. Looking ahead, Coinbase expects trading volumes to decline in the first quarter of 2022 due to the recent decline in crypto assets.

[Weekly Investment Research Views Summary

Hedge fund Pantera Capital believes that cryptocurrencies could be a relatively better performing asset class in a rising interest rate environment. He said bitcoin returns are currently at the lowest end of nearly four years, so the cryptocurrency looks cheap.