The narrative of Bitcoin as “digital gold” faced a serious test in 2025. While Bitcoin entered the year with strong momentum following a major 2024 rally, gold delivered one of its strongest annual performances in decades. The divergence has reshaped the store-of-value debate heading into 2026.

The European Central Bank is moving its digital euro project into a more concrete phase, outlining a detailed roadmap that stretches from partner selection in 2026 to a potential public launch by the end of the decade.

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