Jobs or careers in crypto in 2021 continue to decline. According to LinkedIn, over the past year there have even been crypto-related job searches soaring 395% in the United States alone.
Today the crypto industry has gone beyond the broader technology industry, and is experiencing tremendous development. In fact, it almost doubled the number of his to-do lists. However, at 98% growth, the tech industry is shrinking compared to crypto jobs, which are up by 395%.
Moreover, no industry is safe from “crypto-ization” in 2021. LinkedIn News posts offer valuable insight into cryptocurrencies affecting other industries.
“While the majority of job openings are in software and finance, other industries are also seeing increased demand for crypto talent. This includes professional services such as accounting and consulting, as well as staffing and the computer hardware sector,” LinkedIn wrote, as quoted by Cointelegraph.
For 2022, this growth trend is likely to continue. The biggest exchange in crypto is full of job openings. Coinbase has over 250 openings, Kraken has over 300, and the world's most active exchange, Binance, lists over 600 job openings.
For Bitcoiner and Bitcoin (BTC) maximalists, there is a new resource, Bitcoiner work. A service dedicated to helping connect Bitcoiners with Bitcoin-only companies, now offers nearly 100 Satoshi-approved careers.
For those unable to switch jobs into crypto, the broader HR trend is crypto remuneration. The mayors of New York and Miami announced that they would take a portion of their salaries in BTC in 2021, while seven NFL players have opted for crypto over cash salaries to date.
Nonetheless, while the crypto career switch seems to be gaining traction, LinkedIn audiences aren't convinced. Most of the comments on LinkedIn posts come from bewildered onlookers wondering why crypto has value, and one aggrieved copywriter protested the scammy nature of the industry.
Given that the Bitcoin price has not been impressive at the start of 2022, the crypto industry may have to struggle to maintain such a high rate of human capital growth.
In a bear market in 2018, several cryptocurrency companies laid off staff. In short, BTC activity needs to increase to continue to support job creation.
