Companies are seriously stepping up their efforts to recruit workers with cryptocurrency skills. A recent analysis from LinkedIn found that the number of job postings containing the terms “bitcoin”, “ethereum”, “blockchain” and “cryptocurrency” increased by 395% in the United States between 2020 and 2021.
That’s significantly greater growth than the increase in signups for the broader tech industry, which saw a 98% increase in posts over the same period. The most common titles in LinkedIn listings included blockchain developers and engineers.
(“The term ‘cryptocurrency’ refers to a digital currency that relies on a computer code rather than a central bank or other government authority. The technology behind this code is called blockchain. Some of the most widely traded cryptocurrencies, or “cryptos”, including Bitcoin, Dogecoin, and Ethereum.)
LinkedIn said most postings were in the software and finance sectors, but noted that the professional services sector (including accountants and consultants), the recruitment sector and the hardware sector also boosted hiring for crypto-related jobs. A recent search for “cryptocurrency” on LinkedIn’s jobs platform returned more than 11,000 results, including listings at big companies like PayPal and Deloitte.
And the candidates are interested: A month of August report job site Indeed found that the volume of crypto-related job searches in a week last summer was 300% higher than a comparable week in 2020.
Searches for blockchain-related jobs soared 137% over the same period. Indeed also found that crypto and blockchain software development jobs are more likely to be remote than non-cryptographic software development jobs. This is a major industry advantage for people looking for a career that will allow them to work from home.
Crypto has gone mainstream in 2021
The cryptocurrency continued its meteoric rise into the mainstream in 2021. Bitcoin gained around 50% in value over the year (but not without its signature volatility along the way) and hit new all-time highs. Experts expect this trend to continue, with some claiming that Bitcoin will reach $100,000 per coin (more than double its current value) in the near future. Meanwhile, altcoins like Dogecoin and Ether saw even more dramatic gains last year.
As the value of cryptocurrencies grew, so did the community surrounding the technology. People are asking for crypto gifts in their marriage records. Investment clubs are becoming more popular on college campuses, and students are becoming more interested in crypto. The mayors of Miami and New York made headlines when they announced they would be taking paychecks in Bitcoin instead of dollars to boost crypto industries in their cities. Some first-time homebuyers have even used proceeds from the sale of cryptocurrency investments to help fund down payments on homes.
The bottom line is that if you’re looking for a new job this year – or even just a side hustle – the crypto world may have something to offer.
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