The Central Bank of Egypt cut interest rates again today—this is the fifth time this year. The benchmark interest rate was lowered from 21% to 20%, a reduction of 100 basis points.

Why do this? There is data to support it. November inflation has fallen back to 12.3%, and price pressures have significantly eased. Moreover, Egypt has experienced several setbacks this year—initially a sharp devaluation of the currency and high interest rates—now, after IMF review, the country has received about $2.5 billion in aid, and liquidity is finally stabilizing.

This may seem like an isolated case in Egypt, but it actually reflects a larger trend: global emerging markets are adjusting their strategies. Moving from aggressive rate hikes to moderate easing has become the mainstream. When central banks lower interest rates, the appeal of fiat currencies inevitably diminishes, and assets not constrained by a single monetary policy—such as ETH, ZBT, and other cryptocurrencies—may attract more attention due to liquidity spillover.

From another perspective, as traditional financial liquidity gradually releases, investors will reassess asset allocations. The characteristic of decentralized assets—"breaking out of the fiat system"—becomes a hedge tool at this moment. It’s not that crypto assets are inherently safer, but in a global environment where central banks are "printing money," their scarcity and independence become more valuable.

What do you think about this global wave of rate cuts?