Blockchain and Crypto Jobs Market: 2018 Vs. 2019 by the Numbers
Along with Bitcoin (BTC) price growth in 2019 (from $3,400 in February to $12,689 in June), some segments of the labor market related to cryptocurrencies and blockchain have also actively manifested themselves. Demand for lawyers has risen sharply, Facebook is actively hiring and the United States is breaking every record in terms of the number of job offerings. However, the overall picture is rather ambiguous.
Blockchain experts are still in demand, especially in the U.S.
According to a first quarter 2018 report, published by the world's largest freelance network, Upwork, knowledge of blockchain technology came out on top among the specialties for which demand has grown the fastest. And the statistics presented by the international recruiting company Hired showed that global demand for blockchain engineers increased by 517% over the past year.
In 2019, the trend of demand for such specialists hasnt changed dramatically. The word blockchain in the labor market is still in trend — as it was fashionable in the beginning of the 21st century to attribute the word cloud" to job descriptions. Companies striving to be trendy publish more and more vacancies, and there are still not enough specialists in this field.
According to the latest data from the international job search site LinkedIn, the total number of vacancies related to blockchain and cryptocurrency hasnt decreased since December 2018, but has instead increased. In total, as of the end of July 2019, companies have posted 16,668 offers, which is 2% more than last year.
The number of U.S. companies that hire blockchain specialists has grown even more. The U.S. remains the unchallenged leader in the number of such vacancies, and it is also breaking last years records in 2019. According to the job search website Glassdoor, as of late July, U.S. firms posted 2,907 job offerings, which is up 40% from 2018. Indeed experts confirm the increased number of blockchain job proposals, referring to an almost twofold increase:
According to our data, the crypto and blockchain market is far from dead—in fact, its still rapidly growing. From February 2018 to February 2019, we saw the share of US job postings related to crypto, blockchain and Bitcoin grow 90%.
However, if evaluating the share of these vacancies to the total number of offerings in the labor market, it occurs that the share of vacancies that contain the words "blo ...