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As the crypto space continues to disrupt various businesses and government agencies, the need for experts in the field has been growing at a commensurate rate. This is despite the fact that cryptocurrency’s volatility is still persisting and regulatory bodies are putting up restrictions left and right in a bid to hinder illicit actors operating in the space.
According to a study by Seen by Indeed, the top companies that have been needing experts in the crypto fields are those that are directly working on the field. Others are tech juggernauts that have been launching blockchain and crypto projects.
The top 10 companies are Deloitte, IBM, Accenture, Cisco, Collins Aerospace, Ernst & Young, Coinbase, Overstock.com, Ripple, and Verizon. Meanwhile, the top five jobs that are in high demand are software engineer, senior software engineer, software architect, full-stack developer, and front end developer.
Crypto jobs rise but searches are declining
But even though there is a massive need for crypto experts, job searches in this niche has actually been declining. The study found that in the past year, job postings in the crypto space has increased by 25% per million, while searches for crypto jobs decline by 53% per million.
Indeed posits that Bitcoin’s volatility may be one of the major factors for the search decline. The initial months of 2019 have been brutal to the crypto market, with the crypto winter pounding Bitcoin’s price down to the $3,000 levels. But thanks to the renewed interest in blockchain technology, Bitcoin managed to break through resistance levels and is currently trading at $9,000.
More crypto initiatives
Several governments have been trying to create their own central bank digital currencies, while corporate giants are also looking to launch their own stablecoin. China is arguably leading in this crypto space, with its effort in adopting blockchain technology reaching overdrive following Chinese President Xi Jinping’s endorsement of the emerging innovation.
Meanwhile, Facebook CEO Mark Zuckerberg is still hard at work in urging U.S. regulators and legislators to give the go-ahead to Libra, the social media giant’s own stablecoin. Zuckerberg sat down with the U.S. Congress a few weeks ago to defend Libra but failed to convince the committee due to several scandals that Facebook has been involved in recent years.
With all these big players entering the crypto space, it’s unsurprising that the market’s need for experts is climbing higher. Schools have been trying to address this need by creating crypto curriculums, which has been seeing varying success.
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