Key takeaways:
- According to a new LinkedIn study, the number of crypto-related employment increased dramatically last year, “leading to disruption across industries.”
- Many job posts using terms like “bitcoin,” “ethereum,” “blockchain,” and “cryptocurrency” include terms like “bitcoin,” “ethereum,” “blockchain,” and “cryptocurrency,” according to professional social media.
In research, LinkedIn stated that demand for cryptocurrency-related skills increased by 395 per cent, outpacing the whole tech industry, which “had a 98 per cent growth in listings during the same time period.” “The majority of the job advertisements were in software and finance,” the post said.
“Demand for crypto skills is also increasing in other areas.” Professional services such as accountancy and consulting, as well as the staffing and computer hardware industries, are among them,” according to the post.
Blockchain developers and engineers are the most prevalent crypto-related professions that companies are looking for. According to LinkedIn, there are various variables that have contributed to this massive increase.
In the year 2022, there has been a spike in the investment of cryptocurrency startups.
“According to PitchBook data, global investors put $30 billion into crypto and blockchain firms in 2021,” LinkedIn stated. The popularity of cryptocurrencies has also increased.
Employers in the industry were primarily looking for software and financial professionals. At the same time, industries such as accounting, consulting, staffing, and computer hardware are progressively attracting blockchain experts.
According to LinkedIn, the agreement between Crypto.com and AEG to rename the Staples Center as Crypto.com Arena, as well as Elon Musk’s praise for cryptocurrencies, helped to the appeal of these blockchain-based assets.
“Despite the larger industry’s increasing expansion, some experts have expressed concern about the technology’s long-term utility and argue that crypto is a bubble,” the piece stated.
Firms like Binance Labs, Coinbase Ventures, and FTX Ventures, which just announced a $2 billion fund for cryptocurrency businesses, can all be blamed for the increase in investment for cryptocurrency startups.
