The Great Crypto Job Migration
Who would have thought that the world of digital coins and blockchain could resemble a scattered puzzle? A recent survey by LinkedIn for Bloomberg revealed that crypto jobs aren’t confined to one central hub; instead, they are on a delightful road trip across the United States.
Crunching the Numbers
Data analysis shows that approximately 53% of crypto-related jobs are spread throughout the nation rather than being concentrated in just a few key cities. When searching LinkedIn members for crypto-related positions from January to September 2021, the numbers tell a fascinating story of diversification.
Leading the Pack
Not surprisingly, traditional finance hubs and tech hotspots dominate the leaderboard:
- New York: 18.3% market share
- San Francisco: Tech-savvy haven
- Los Angeles: The City of Angels gets its crypto wings
- Miami: Hot weather, hotter market
- Chicago: Windy City blowing into the blockchain
Mid-Sized Cities Making Moves
Now, if we adjust the hiring metrics per population, things get even more interesting. Mid-sized cities like Austin, Denver, Raleigh, and Salt Lake City join the party. For every 100,000 LinkedIn members, these cities showcase impressive hiring rates:
- Austin: 3 new hires
- Denver: Functioning on crypto cloud nine
- Raleigh: Hires per capita leap
- Salt Lake City: An unexpected crypto contender
Remote Work Revolution
According to Diogo Mónica, co-founder of Anchorage Digital, the decentralized work structures are pushing companies to hire remotely, navigating the labyrinth of employment opportunities. “Cities with lower taxes and great connectivity are beginning to show up on the radar,” he said, and let’s be real, who doesn’t love working in pajamas?
Crypto-Friendly Cities Competing for Prominence
As the competition heats up, U.S. cities are stepping up their game to woo the crypto crowd. Take a page out of New York City Mayor Eric Adams’ book—he’s determined to position NYC as the cryptocurrency epicenter. He even decided to take his first three paychecks in Bitcoin! Talk about putting your money where your mouth is. Miami’s Mayor Francis Suarez has already paved the way with similar fervor, making it clear that the cities are eager to welcome the crypto revolution.
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