Bitcoin is the best investment of 2024; Stock market drops more than 10%

by Andrea
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BDRs (Brazilian Depositary Receipts) are the highlights of December; dollar rises almost 3% in the last month

Bitcoin was the best investment of 2024. Survey carried out by Poder360 showed that, until 7:30 pm this Monday (Dec 30, 2024), the cryptocurrency had increased by 119.74% this year, to US$ 92,448. The BDRs (Brazilian Depositary Receipts) were in 2nd position in annual variation, with an increase of 70.59%.

BDRs are certificates representing shares of foreign companies traded in Brazil. Brazilian companies did not perform positively during the year. Ibovespa, the main index of the (São Paulo Stock Exchange), fell 10.36% in 2024, to 120,283 points.

O Poder360 has already shown that Ibovespa performed worse than other global market indices. In December, it fell 4.28%.

Bitcoin is the best investment of 2024; Stock market drops more than 10%

Read the Ibovespa highlights in 2024 in the infographic below:

Bitcoin is the best investment of 2024; Stock market drops more than 10%

The commercial dollar rose 27.3% in December, quoted at R$6.18. The tourism dollar advanced 27.40%, to R$6.43.

Savings had a profitability of , calculated by the IPCA (Broad National Consumer Price Index 15).

On the decline side, the Ifix (Real Estate Fund Index) fell 5.9% in the year. Public Treasury bonds (IPCA+ and Renda+ due in 2035) were also in the red.

DECEMBER

BDRs were the main investments in December. They rose 4.64% in the month. The tourism dollar (+3.03%) and the commercial dollar (+2.98%) complete the ranking of those that recorded the highest profitability in the month. On the other hand, Ibovespa fell 4.28%.

Bitcoin is the best investment of 2024; Stock market drops more than 10%

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