US crypto jobs advertised on LinkedIn surge by 395% in 2021

• Updated

Investors injected $30bn into crypto and blockchain start-ups in 2021

 Linkedin website on the screen                                 
computer hardware sectors are seeing a rise in demand for crypto talent - Photo: Alamy
                                

Crypto job postings have skyrocketed from 2020 to 2021, seeing a 395% increase in the US, which is three times as much growth compared to the wider tech industry.

This is according to LinkedIn, who found jobs containing terms such as “bitcoin”, “ethereum”, “blockchain” and “cryptocurrency” shot up in 2021.

Most of the jobs advertised were in software and finance, however, other industries such as accounting, consulting, recruitment and the computer hardware sectors are seeing a rise in demand for crypto talent.

In 2021, investors poured $30bn into crypto

PitchBook, which provide research for private capital markets found that investors injected $30bn (£21.98bn) into crypto and blockchain start-ups in 2021.

LinkedIn feels high-profile individuals and events added to crypto’s successful 2021.

Elon Musk, CEO of Tesla, the American electric vehicle maker has a habit of tweeting about certain cryptos causing them to rise in value.

In July 2021, Musk tweeted that dogecoin (DOGE) “is money”. Musk’s tweet came in the form of a Matrix meme.

Due to this, DOGE at the time witnessed a rise of 11% to $0.217 and a 130% increase in trade volume, resulting in $3.9m (£2.85m) of assets traded.

Recently, Tesla announced it now accepts DOGE as payment for the company’s merchandise.

If the DOGE symbol is next to an item, then the item can be purchased using the crypto.

For the time being, the only crypto Tesla accepts is DOGE. This resulted in the crypto rising by 14.43% and at the time rose from 12th to 10th position on CoinMarketCap.

Crypto.com Arena

LinkedIn also referenced such news as the Los Angeles (LA) Staples Center, being renamed the Crypto.com Arena – after the world’s fastest-growing cryptocurrency platform – on Christmas Day, 2021.

The Staples Center is home to National Basketball Association (NBA) teams the LA Lakers and the LA Clippers, as well as the National Hockey League (NHL) team, the LA Kings, and the Women's National Basketball Association (WNBA) team, the LA Sparks.

Since 2000, the Grammy Awards have also been held at the Staples Center; each year the venue hosts over 240 major high-profile events.

The move also means Crypto.com will become the official cryptocurrency platform partner of the LA Lakers and the LA Kings.

JP Morgan Chase

LinkedIn’s Economic Graph team in October 2021, found JP Morgan Chase, the American multinational investment bank and financial services holding company, to be among the top employers hiring for crypto roles.

This is despite JP Morgan CEO Jamie Dimon being well-known for his distrust of cryptocurrencies. In May this year, the CEO said that he was not a “bitcoin supporter” and that he “didn’t care about bitcoin”.

However, Dimon added: “On the other hand, clients are interested, and I don’t tell clients what to do.”

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