Job postings with terms like “Bitcoin,” “Ethereum,” “blockchain,” and “cryptocurrency” increased by 395 percent in the United States last year.
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It wasn’t just a bull run last year. Jobs in the crypto sector have outstripped price action in 2021, as crypto job searches increase 395% in the US alone according to LinkedIn.
Crucially, the crypto industry has outstripped the broader tech industry, which has also seen significant growth, almost doubling the number of job listings. However, with 98% growth, the tech industry shrank relative to crypto jobs, up 395%.
Furthermore, no industry is safe from “cryptocurrency” in 2021. The LinkedIn News post provided valuable insight into how crypto affects other industries:
While most of the vacancies are in the software and financial sectors, other industries are also seeing an increase in demand for crypto talent. These include professional services such as accounting and consulting, as well as the areas of human resources and computer hardware.
For 2022, the uptrend looks set to continue. The biggest crypto exchanges are flooded with job postings; Coinbase has over 250 openings, Kraken over 300, and the world’s most active exchange, Binance, lists over 600 job postings.
For Bitcoiners and Bitcoin (BTC) Maxi has a new resource, the work of Bitcoiner. A service dedicated to helping connect Bitcoiners with Bitcoin-only companies, it currently offers nearly 100 Satoshi-approved careers.
For those unable to switch jobs to crypto, the broader HR trend is crypto remuneration. The mayors of New York and Miami have announced that they will receive part of their salaries in BTC in 2021, while a total of seven NFL players have chosen crypto over cash so far.
Related: NBA 3x Champion Andre Iguodala Becomes Latest Athlete To Receive A Crypto Salary
However, while the crypto career transition seems to be gaining traction, LinkedIn’s audience is not convinced. Most of the comments on LinkedIn posts are from bewildered viewers wondering why cryptocurrencies are valuable; and one damaged copywriter commented on the deceptive nature of the industry.
Plus, since Bitcoin price action is yet to impress in 2022, the crypto industry may struggle to sustain such high levels of human capital growth.
During the 2018 bear market, several crypto companies laid off employees. In short, BTC operations need to continue to support job creation.