[2018-12-03] Bitcoin, Blockchain Jobs Openings Are Booming Hitting 18-Month High

[ruthbabe]

The Bitcoin and Blockchain jobs industry is booming despite price deflation, a new survey from Glassdoor has revealed.

1775 BITCOIN, BLOCKCHAIN JOBS IN AUGUST

The findings, which originally appeared in mid-October, covered an 18-month period from April 2017 through August 2018.

In that time, the number of job openings “related” to both Bitcoin and Blockchain grew almost every month – even as the Bitcoin price began to fall after December last year.

Most came from cryptocurrency names, with Ethereum cofounder Joseph Lubin’s ConsenSys and exchange Coinbase among the top players.

Contrary to expectations, as of August 2018, there were more vacancies in the two sectors than ever before, even as BTC/USD $4070.00 +1.55% fell lower and lower.

“As more employers become interested and invest in the technology, the professionalization of the space has accelerated as well,” Glassdoor researchers wrote expounding the data.

Cryptocurrency prices began rising across the board around May 2017. In that month, just 234 jobs were on offer in the US.

Fast forward a year and a half and the Bitcoin price was circling $6500 – around three times higher – yet the number of jobs had multiplied well beyond that figure, reaching 1775 this August.

Glassdoor also lists the top markets for the job openings with New York City and Silicon Valley (unsurprisingly) in the top three.

RAPID GROWTH ‘SET TO CONTINUE’

“The surge in open jobs has well outpaced the 200 percent increase in value that cryptocurrencies have undergone since August 2017,” Glassdoor noted.

  "Despite the price volatility over the last year, continued growth in job openings suggests that blockchain employers remain
   confident in the market opportunity and continue to make long-term investments in their teams.

The survey was not the only one to identify the increasing trend. In September, analysts found the number of Asian opportunities had increased 50 percent since 2017.

Going forward, despite the blockchain industry, in particular, attracting mixed publicity recently, its longer-term growth seems somewhat more assured, says Glassdoor, adding:

  "While the ultimate staying power of cryptocurrencies and blockchain technologies remains to be seen, the blockchain job market
   seems primed to continue its rapid growth into the near future.


Source:  BITCOINIST

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[Kemarit]

Well it shouldn't be a surprised as Blockchain jobs is really booming because there's a lot of small to big companies experimenting on this new technology and how it can help them not just process wise but cost-reduction as well. Although 1775 is still low numbers, I'm sure that in the next 3 to 5 years, that number will grow not just in the US but other IT centric countries like Singapore, Japan or even in Russia. There's a lot of blockchain conferences as well, that might be contributed to the sudden interest of this technology world wide.

[buwaytress]

Price correlation doesn't seem as strong in the bear than it does in the bull, I guess. There's another picture to look at though, apart from job openings, I think there's also been past research that shows salaries have gone down. So the demand and positions are there, but we can thank Bitcoin's tanking for unreasonable salaries coming down to more sane levels (but blockchain engineers still are paid more than other fintech areas, such as AI).

Still all concentrated in Silicon Valley, and I'm reading that the expertise is concentrated in parts of Europe and European Russia - wonder if we'll see a second wave of Computer Tech migrants making their way to jobs.

Meanwhile, financial economic crime specialists, highly sought after by institutions preparing to deal with Bitcoin and crypto, are still in demand. Looking at LinkedIn jobs recently, blockchain ones get scores of applicants but FEC and crypto specific roles at banks and FIs are only getting a handful of applicants even after months. Seems like an opportunity.

[LeGaulois]

The majority of the jobs opening wasn't caused by an increase of people coming to crypto, but rather to handle at least the work that most companies weren't able to provide in a decent time. I mean they were overloaded with work and they had accumulated a lot of delays. It's not a direct example but remember some time back when a crypto exchange needed like 3 weeks to reply to a simple support ticket or to verify an account?.

Now I am pretty sure the situation is completely different and there are some companies surely already thinking to decrease their employee's number.

[BitHodler]

Still all concentrated in Silicon Valley, and I'm reading that the expertise is concentrated in parts of Europe and European Russia - wonder if we'll see a second wave of Computer Tech migrants making their way to jobs.

I doubt we'll see it any time soon, because most of what's happening in this space is based on what's happening during bull phases, because that's what makes people interested, and that's what pays the bills.

If no one is interested in your tech, and the shallow interest that's here is declining rapidly during the current bear market on top of it, you'll end up on the wrong side of the road.

It's going to be interesting how the ecosystem handles itself if the bear market goes on for another year, or longer, because it will bleed much harder than what we have seen already. I'm not pessimistic, just realistic.

[1Referee]

It's going to be interesting how the ecosystem handles itself if the bear market goes on for another year, or longer, because it will bleed much harder than what we have seen already. I'm not pessimistic, just realistic.

It will do well in terms of utility, because people have no other aspect of crypto left to focus on with the prices being shit. The gamblers that were here solely for the gains can go back to where they came from, we don't need them here.

I remember that I actually became interested in Bitcoin's technical aspects during 2014/2015 and used that bear market to buy as many coins as I could with the money I had left, because being greedy didn't work out well for me financially. Going back to the source is what people will end up doing, and the source is Bitcoin.

Let the market bleed, there isn't much that we can do anyway.

[stomachgrowls]

Well it shouldn't be a surprised as Blockchain jobs is really booming because there's a lot of small to big companies experimenting on this new technology and how it can help them not just process wise but cost-reduction as well. Although 1775 is still low numbers, I'm sure that in the next 3 to 5 years, that number will grow not just in the US but other IT centric countries like Singapore, Japan or even in Russia. There's a lot of blockchain conferences as well, that might be contributed to the sudden interest of this technology world wide.

For sure we would really headed up that way where blockchain based related jobs would be in demand yet we do know how this tech can really be applied on each sector that can really benefit
humankind.
If we do think back, this should happen on the earliest years but i do believe when bitcoins price booms up almost to 20k it did really spark out the interest. Even the price is
reversing,companies do still consider to proceed.

[gentlemand]

And if such jobs do exist they'll be taken by people fired by the existing 'blockchain' companies who are about to implode. Consensys, the ETH company, are burning $100 million a year and have pretty much nothing to show for it. They're about to cut 13% of their workforce.

I'll guess that most of these jobs involve ways of usurping decentralised chains in which case there probably isn't that bright a future for most of them.

[presduterte]

Sorry guys, I'm still not going to use Chipmixer. Lol.