In 2024, Bitcoin saw impressive gains but did not outperform cocoa, which has surged by 185% this year. Cocoa prices have skyrocketed due to severe supply shortages caused by declining West African yields, negative climate factors, lack of support for local farmers, and the cacao swollen shoot virus disease. Despite a slight decline earlier this year, cocoa prices have once again soared in the fourth quarter, reaching an all-time high of over $12,000 a ton. In comparison, Bitcoin has gained 126.05% this year and is currently trading at $95,200. Other top-performing commodities include orange juice and natural gas, rallying by 73% and 43%, respectively.



Other News from Today