2024

Bitcoin

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    <p>Cocoa, the raw ingredient used to make chocolate, has been on an incredible price run, doubling in value since the start of 2024 and up over 250% since late last year. So far, the commodity is garnering better returns than <a rel="dofollow" title="Bitcoin" href="https://thebittimes.com/tag/bitcoin.html">Bitcoin</a> — and most stocks and bonds, for that matter.</p> 
    <p>The bitter seed has seen a massive surge in price after crops were damaged in West Africa and it found its supply chain strained. Meanwhile, chocolate bar manufacturers have been <strong>earning fantastic profits while simultaneously selling fewer products</strong>, suggesting that companies are helping to keep inflation high, and passing along what is otherwise known as price gouging to retail customers.</p> 
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     <img decoding="async" loading="lazy" width="1024" height="576" src="https://cdn.thebittimes.com/images/2024/03/26/e1573d92775428074ee9f01c2c473cb4.webp" alt class="wp-image-63410" srcset="https://cdn.thebittimes.com/images/2024/03/26/e1573d92775428074ee9f01c2c473cb4.webp 1024w, https://cdn.thebittimes.com/images/2024/03/26/e1573d92775428074ee9f01c2c473cb4.webp 300w, https://cdn.thebittimes.com/images/2024/03/26/e1573d92775428074ee9f01c2c473cb4.webp 768w, https://cdn.thebittimes.com/images/2024/03/26/e1573d92775428074ee9f01c2c473cb4.webp 1536w, https://cdn.thebittimes.com/images/2024/03/26/e1573d92775428074ee9f01c2c473cb4.webp 1200w, https://cdn.thebittimes.com/images/2024/03/26/e1573d92775428074ee9f01c2c473cb4.webp 2048w" sizes="(max-width: 1024px) 100vw, 1024px">
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      Cocoa has doubled in value since the start of 2024 and is up over 250% since late last year.
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    <p><em>Read more: Is unvaccinated sperm really the next <a rel="dofollow" title="Bitcoin" href="https://thebittimes.com/tag/bitcoin.html">Bitcoin</a>?</em></p> 
    <h2 class="wp-block-heading" id="h-cocoa-the-new-world-reserve-currency">Cocoa: the new world reserve currency</h2> 
    <p>Of course, a commodity shooting up in value tends to get compared to <a rel="dofollow" title="Bitcoin" href="https://thebittimes.com/tag/bitcoin.html">Bitcoin</a> simply due to price action. In 2021, the price of lumber went through the roof, mainly due to a combination of new construction projects during and post-COVID-19 and a supply chain strain.</p> 
    <p>The price action caused the criminal CEO Sam Bankman-Fried to <strong>list a tokenized lumber futures market on the now-defunct FTX</strong>.</p> 
    <p>After the wild run in 2021, lumber prices have come back to Earth, down over 60% since all-time highs.</p> 
    <p>However, other commodities have been on price tears recently, with gold finally cracking and maintaining all-time highs that have hardly been touched since 2011. Uranium also hit highs not seen since 2007, and orange juice has seen prices go up only since 2021.</p> 
    <p><em>Got a tip? Send us an email or ProtonMail. For more informed news, follow us on&nbsp;X,&nbsp;</em><em>Instagram</em><em>,&nbsp;</em><em>Bluesky</em><em>, and&nbsp;</em><em>Google News</em><em>, or subscribe to our&nbsp;</em><em>YouTube</em><em>&nbsp;channel.</em></p> 
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<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/cocoa-is-the-new-bitcoin-tbt83508.html">https://thebittimes.com/cocoa-is-the-new-bitcoin-tbt83508.html</a></p>

Cocoa is the new bitcoin

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