Bitcoin’s Latest Boom Is Job CreationDecember 1, 2017 9:06 pm
Bloomberg reported that bitcoin-related job postings were growing on Friday as listings on LinkedIn jumped more than ninefold in the financial services industry over the past three years.
The software technology industry also increased 4.6 times, according to data from the employment-focused social media site.
While the financial services sector was growing, the majority of crypto-related jobs were still tied to software development at 70 percent.
The job market has been increasing as bitcoin surged throughout 2017 as much as 11-fold, with many people exploring the cryptocurreny as a potential field of the future.
There are 28 times as many profiles on LinkedIn that cite cryptocurrency talents as there were four years ago and 5.5 times more who claim bitcoin aptitude specifically.
LinkedIn did not specify which precise skill sets were listed.
The trend coincided with the very first cryptocurrency conference that focusing on institutional investment this week where financiers and analysts met in Manhattan to plan for the future of the industry.
Some analysts have been warning about a potential bubble for bitcoin as the price soars above $10,000, but the potential allure of profit is hard to resist for Wall Street.
James Schneider, an analyst at Goldman Sachs Group Inc, wrote a note to clients after the conference that said: “Some fund managers predicted that endowments and traditional institutional investors could begin to participate in the market over the next two years, but noted that significant challenges related to market structure and regulation will need to be overcome.”
–WN.com, Maureen Foody