With more money flowing into the crypto industry, more jobs are being created.
Jobs in the US
Job posts containing the words “Bitcoin,” “Ethereum,” “Blockchain”, and “Cryptocurrency” grew 395% in the U.S. from 2020 to 2021.
According to research by LinkedIn, the crypto industry outran the wider tech industry as the latter recorded a 98% increase in listings during the same period.
Most of the growth is attributed to job postings in the software and finance segments. However, demand for professional services like accounting and consulting, as well as the staffing and computer hardware sectors also rose.
The most common job titles are Blockchain Developers and Engineers.
San Francisco (Bay Area), Austin, New York City, Miami-Fort Lauderdale, and Denver saw the most crypto job postings; LinkedIn told MarketWatch.
Jobs Indian Scenario
Reportedly, India had more than 10,000 job openings in the crypto industry in 2021.
These jobs offer handsome salary packages. A young front-end developer with experience between 2-5 years can earn up to INR 30 lakhs per annum.
Mid-career professionals with 12 years of experience could earn about INR 75 lakhs annually.
A major factor for such a surge could be that money is following the industry. Venture Capital funds splashed about $30 billion into crypto projects in 2021. It is more than all previous years combined. With more money, companies could increase their manpower.
Despite facing regulatory uncertainty, the crypto space is growing leaps and bounds. Last year, Bitcoin became a legal tender in the South American country of El Salvador. It cleared some clouds of uncertainty. Still, regulators of the major economies of the world, are sceptical of the industry.
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