What is a good beta?

What exactly constitutes a 'good' beta in the world of cryptocurrency and finance? Is it simply a measure of volatility, or does it encompass other factors as well? How does a good beta compare to the overall market's beta, and what implications does this have for investors? Is there a specific range or threshold that indicates a favorable beta, or does it vary depending on the asset or investment strategy? Understanding the nuances of beta in this context is crucial for making informed decisions in the volatile world of cryptocurrency and finance.