The Rollercoaster Ride of Crypto Jobs
Brace yourselves, folks! The crypto job market is experiencing more twists and turns than a reality TV show plot. A recent report by Indeed.com has unveiled some eyebrow-raising statistics: searches for crypto-related jobs have plummeted by a staggering 53%, but job postings have soared by 26% in just one year. Talk about a mismatch!
From Boom to Bust
Indeed’s research, focusing on the period from 2015 to 2019, suggests that job seekers once flocked to crypto-related roles like moths to a flame—until the infamous bear market of 2018. After the bull run of 2017, interest nosedived, leaving aspiring crypto professionals scratching their heads. The share of job postings skyrocketed by an astounding 1,457%, while the enthusiasm among job seekers only grew by 469%. It seems that employers might be feastin’, while job seekers are left with crumbs!
The Shrinking Pool of Job Seekers
So what went wrong? The crypto job landscape changed dramatically after 2018. The end of the bull run saw interest in these roles decrease, as many hopeful job seekers realized that chasing trends could be a risky pastime. Prior to the market slide, the enthusiasm from job seekers was outpacing the actual demand. It’s like showing up to a rave that’s been canceled at the last minute—awkward!
Top Employers Revealed
Despite the decline, some heavyweights remain interested in the crypto scene. Among the top employers in the blockchain space, you’ll find not one but two Big Four accounting firms: Deloitte and Ernst & Young! Tech giants like IBM and investment banks like JPMorgan Chase are also keeping the crypto flame alive. It’s reassuring that some companies are keeping their eyes on the prize, despite the uncertainty surrounding the market.
The Dominant Force of Cryptocurrency Exchanges
Interestingly, about half of all employees within the blockchain industry are currently working at cryptocurrency exchanges. So if you’re considering a career in crypto, you might want to stock up on your exchange knowledge! The culture is dynamic, ever-changing, and potentially rewarding—just keep an eye on the latest market trends!
