Forex in this article
Crypto currencies such as Bitcoin, Mooncoin, Tether or Ethereum are becoming increasingly popular. This is also noticeable in the labor market. The number of job ads in the crypto industry has skyrocketed over the past year. The social network LinkedIn came to this conclusion after evaluating its own analyses. The development in the crypto industry has led to disruptive effects in other sectors. The network reports that job ads with titles containing terms such as “bitcoin,” “ethereum,” “blockchain,” and “cryptocurrency” increased 395 percent in the United States between 2020 and 2021. In comparison, the number of job postings in the broader tech industry has increased by 98 percent over the same period.
Crypto jobs are particularly in demand in the software and finance sectors
According to LinkedIn, most of the ads for crypto jobs were in software and finance. But the demand for talent has also increased in other industries. These include professional services such as accounting and consulting as well as human resources and the computer hardware sector. LinkedIn also investigated the areas of activity for which companies need crypto experts. The search for blockchain developers and engineers is particularly common. Staffing demand has surged over the past year amid an influx of funding.
Some experts consider crypto to be a bubble
According to PitchBook, investors have invested $30 billion in crypto and blockchain startups worldwide in 2021. At the same time, public interest in crypto has exploded, as LinkedIn points out. The reason for this is said to have been the praise of the technology by prominent advocates such as Elon Musk. The recently christened Crypto.com Arena in Los Angeles is proof that crypto companies have arrived in the mainstream, explains LinkedIn. However, there are also critical voices. LinkedIn notes that despite the industry’s burgeoning growth, some experts are skeptical about the long-term benefits of the technology. According to the experts, crypto is a bubble.
M. Wieser/editors finanzen.net
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