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23-12-20243 min read
News - Better than Bitcoin: This commodity beats BTC by 2024
Futures contracts on cocoa beans: The raw material used to make chocolate was more successful than Bitcoin this year.
Bitcoin, as measured by annual returns, is among the most successful assets in 2024. Since Jan. 1, the leading crypto has risen about 125 percent, according to data from Yahoo Finance.
Cocoa is going to have it's 100yr futures anniversary Oct 2025
— Market Occultations (@marketoccultat1) December 21, 2024
So it's a bit foggy
14400 is going to be a big level if hit & broken upward
This chart is the 30 yr
You know the story, has to stay above the diagonal angle or it'll correct to the ~lower angle pic.twitter.com/5XVwNktm0D
By comparison, Commodities - the SEC classifies BTC as a Commodity -. as gold achieved in 2024 a return of 26 percent, while silver rose 21 percent.
But Bitcoin is no match for one commodity this year: cocoa. According to market data from Market Watch the relevant futures (CC00) rose 180 percent.
Cocoa is traded in the financial markets primarily through futures contracts on exchanges such as ICE Futures US and ICE Futures Europe.
Cocoa prices have exploded due to significant supply shortages caused by falling yields in West Africa.
