Cryptocurrencies industry-related jobs on Linkedin spiked in 2021 as employers posted vacancies for various positions in a year the sector recorded massive growth.
An analysis by Linkedin published on January 13, 2021, indicates that from 2020 to 2021, job postings with terms “Bitcoin,” “Ethereum,” “blockchain,” and “cryptocurrency” surged 395% in the United States alone.
The employment-oriented platform also noted that the sector’s job posting surpassed the general technology sector, which grew 98% over the same period.
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Employers sought to hire mostly software and finance professionals in the field. At the same time, sectors like accounting, consulting, staffing, and computer hardware are also increasingly attracting professionals with a blockchain background.
The employment opportunities also indicate that the industry is maturing since the job postings are moving beyond functions like mining digital assets and trading various digital currencies to developers and engineers. At the same time, the figure validates the assumption that the cryptocurrency market is increasingly moving into the mainstream.
Jobs increase with crypto’s popularity growth
Linkedin cited the general cryptocurrency demand by the public alongside increased funding for start-ups in the industry as a driver for the record job posting. Furthermore, Linkedin also singled out institutional adoption of various crypto assets as a catalyst for the rising need for blockchain talent.
The entry of institutions into the space saw traditional firms like PayPal and Deloitte post high-profile jobs linked to digital assets.
The huge growth in employment opportunities emerged in a year when the crypto sector’s total market cap hit $3 trillion at some point, led by Bitcoin, which also attained a record price level of almost $68,000.
Furthermore, the job postings increased in a year when remote working became an essential aspect of employment. Notably, remote work correlates with the sector’s decentralized nature. The remote work offering enables core developers and researchers to engage with multiple partners and employers on various projects.