On LinkedIn, an online service network, keywords like “bitcoin”, “blockchain “and “cryptocurrency” for U.S job postings were up about 400% from the previous year as of December.
Even though job vacancies in the wider U.S. labour market continued to rise, job advertisements in the cryptocurrency world nearly five folded in 2021.
Blockchain developers and engineers were among the most prevalent job titles, according to LinkedIn. And the majority of the job openings were in the IT and financial industries.
However, crypto-related job postings were found in a variety of industries, including accounting and consultancy.
A recent LinkedIn analysis has found that positions with “bitcoin,” “Ethereum,” “blockchain” and “cryptocurrency” roles grew 395% in the U.S. from 2020 to 2021.
Crypto offers grew more rapidly than the broader IT sector, with a 98 percent increase in listings. The New York Times reported in December that techies at legacy companies such as Google, Amazon, and Apple are jumping ship in the hopes of becoming the next great thing in crypto.
According to PitchBook data, investors put $30 billion into crypto and blockchain firms in 2021. The rise in cryptocurrency-related jobs aligns with an increase of investors into the market Crypto startup businesses like OpenSea and Chainlink, which supports over $80 billion in assets associated with various smart contracts are among those crypto startups companies leading this new wave of employment.
The values of some of the most popular tokens, like as Bitcoin, Ethereum, XRP, Solana, and Dogecoin, have all fallen drastically in recent weeks.
According to newly released government data, in November just before the holidays, a great number of Americans quitted their job with 4.5 million people turning in their resignation, an all-time monthly high. Even a slight increase in hiring cannot really make a difference in the near-record high number of job openings.
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