The number of cryptocurrency-related job offers in the US increased by 395% in just one year. This indicates that the world is shifting towards cryptocurrencies, and many organizations accept cryptocurrencies as payment methods.
LinkedIn reports that the number of cryptocurrency-related job openings in the United States increased by 395 per cent in 2021. This is a significant number when you consider that cryptocurrencies are still a niche topic and that only a small percentage of the population is familiar with them.
The number of job postings on LinkedIn for the crypto industry increased dramatically last year. Since 2020, it has grown by 395 per cent and even overtaken the entire technology industry. The tech industry is growing at a 98% annual rate, nearly twice the expected rate by the year 2020. These figures are particularly impressive given that the pandemic has resulted in the global economy collapsing.
Cryptocurrency Sector is growing rapidly
Moreover, in 2021, cryptocurrencies have been adopted by various industries. Many businesses adopted assets in various ways that necessitated qualified personnel, resulting in an increase in job opportunities. Programming and finance are two of the most important industries driven by the demand for crypto talent, and they were in charge of the industry’s largest number of job openings.
The demand for crypto experts has also increased this year. The largest cryptocurrency exchanges hired hundreds of people: Coinbase has 250 employees, Kraken has 300, and Binance has 600.
Individuals who cannot switch their careers entirely to cryptocurrencies can still participate in the growing adoption of cryptocurrencies in the human resources sector. Miami and New York mayors recently announced that their cities would invest in and pay salaries in bitcoin. Additionally, several athletes have stated that they will be paid in Bitcoin.
However, not everyone favours a career in the digital asset space. Some LinkedIn users have expressed concern about the platform’s uncertainty. According to one of the comments, the industry is prone to fraud, which can demoralise investors. On the other hand, others expressed concern that cryptocurrency adoption will peak in 2022, at which point there may be an insufficient number of qualified workers.
Numerous commentators also noted that the bear market of 2018 resulted in the layoff of employees at several cryptocurrency platforms.