Recent data analysis has sparked quite a bit of discussion: last year's economic growth rate hit a new low in 30 years, only 4.9%. This performance, apart from the pandemic years, is indeed rare. What does such a growth rate mean in the context of history? For those who focus on global asset allocation and economic cycles, these macro background data are often important references for judging risk appetite and capital flows. An economic slowdown often drives capital to seek new investment opportunities, and the attractiveness of alternative investments, including crypto assets, will also change accordingly.