A new report from job site Indeed’s Hiring Lab reveals the connection between Bitcoin price performance and the demand for crypto jobs.
The increasing demand for cryptocurrency and Bitcoin jobs reflects the good time for Bitcoin job. The reaction of the investors is to break away when Bitcoin price gets shook by volatility or weakness.
Few months ago, the people were a little bit skeptic about the cryptocurrency startup for the job hunt. Meanwhile, the demand of Bitcoin for jobs has endured. The people understood finally the difference between the future of Bitcoin and its utility as a technology asset.
Cryptocurrency job demand has increased in the same time with Bitcoin price in the last six months bringing to mid-December on Indeed. In the same week of December, the number of job searches has changed from “46 searches per million” to “39 searches per million”.
“Starting in mid-December, the price of bitcoin began to fall, and so did job seeker interest. From mid-December through March 15, searches for “bitcoin” have declined 76% and “cryptocurrency” by 41%.” — Indeed’s Hiring Lab
Blockchain searches remain at 47 searches per million, where they have soared for much of the first quarter of 2018. There was a brief spike in blockchain job interests in February, and overall, it’s held its own.
“The sustained interest in blockchain jobs is perhaps a sign that job seekers believe non-financial companies will pursue blockchain applications, even if financial companies see cryptocurrencies as a fad. Rightly or wrongly, blockchain is seen by job seekers as a viable innovation whether or not bitcoin and other cryptocurrencies are.” — Indeed’s Hiring Lab
Poaching Talent
Indeed has highlighted a trend, but most of engineers, coders, get hired by tech companies. They find work in the cryptocurrency space through job fairs. CCN made an report about Google that wants to make its own blockchain.
The cryptocurrency job market has different features than the traditional job market. The demand for job in US is at its lowest level in 45 years.