Is 1200 Elo respectable?

As a seasoned practitioner in the realm of cryptocurrency and finance, I often encounter various metrics and benchmarks in evaluating the performance of traders and investors. One such metric that has caught my attention is the Elo rating system, which is often used to quantify skill levels in competitive environments. However, I'm curious to understand how it translates in the cryptocurrency and finance world. So, my question is: Is 1200 Elo respectable in this context? Does it indicate a level of proficiency that should be admired or is it merely a starting point? I'd appreciate any insights you may have regarding this rating and how it can be interpreted in the realm of crypto and finance.