Is a beta of 0.8 good?

Are you wondering if a beta of 0.8 is a good sign for a cryptocurrency or financial asset? Let's delve into it. Beta measures the volatility of an asset compared to a benchmark, typically the market itself. A beta of 0.8 indicates that the asset is less volatile than the market. While some investors prefer lower volatility for stability, it also means the asset may not fully benefit from market upswings. So, is 0.8 good? It depends on your risk tolerance and investment goals. For conservative investors, it could be attractive. But if you're seeking high returns, you might look for a higher beta.