Crypto Takes the Job Market by Storm: Is This a One-in-a-Generation Opportunity?

Crypto hasn’t only evolved to the extent it’s widely adopted and used as a form of payment, but it also turns out to be a door opener for new jobs. So, what’s all this mania heading to?

There’s no better time to turn your passion for virtual coins into an occupation than now. According to a recent LinkedIn report, cryptocurrency and blockchain job postings escalated profoundly in 2022, increasing by about 395% in the US between 2020 and 2021. So, crypto’s growth and popularity come alongside a serious demand for talent in various professional services. You’ll see that the highlight isn’t only on finance and software positions, as one may jump to assume, and that there’s an interest in non-technical jobs; there’s basically anything for anyone.

Crypto’s allure is real, so let’s delve deeper into the subject and discover the types of crypto jobs out there, the skills necessary to take them, and many more. Read on!

Unparalleled Demand for Crypto Talent

The LinkedIn report mentioned above showed an extraordinary demand for crypto and blockchain talent, with mentionings like “cryptocurrency”, “Bitcoin”, and “blockchain” escalating. The study focuses on the US job market, so there would only be data about organizations in the US. So, we have come to discover that giants such as Amazon, Meta, and Twitter are in search of skillful individuals who are familiar with crypto. Also, top-rate Wall Street companies like Fidelity and JP Morgan listed numerous crypto postings this year, so yes, the hiring spree is real.

It seems that most job postings focus on tech abilities, but this should come as no surprise. The tech industry is characterized today by beyond-word advancements, so blockchain and crypto knowledge are necessary to fuel these developments. Based on the same report, the hiring rates in the high-tech sector have grown significantly, with 98% more exactly, in 2022. But if you’re not so technically inclined, don’t get discouraged; consulting, accounting, and content production jobs are also on the rise.

What Does It Take to Get a Crypto Job?

The emerging demand for crypto careers creates the urge to identify your needed abilities. As previously mentioned, different jobs call for different skills. So, if we’re to relate to the technical side of the coin, you’ll need to understand, among others, cryptography, programming knowledge, blockchain technology, and cybersecurity. If you are to apply for a non-technical position, expect to be required to have a robust command of the economics underlying digital currencies.

The specific responsibilities and skills required for a career in crypto undoubtedly vary between companies. Still, there’s one particular thing that most candidates must have in common – be familiar with crypto, including how to buy BTC or altcoins and the technology behind it. Investing personally, trading or mining crypto would be enough for anyone enthusiastic about a crypto-related profession.

If you’re interested in working in a crypto startup or for giants like Microsoft and Amazon and have the necessary skills to be a worthy candidate, you may want to try your luck – there’s nothing to lose.

What Kinds of Crypto-Focused Jobs Are Out There?

Considering the rapid increase in popularity of blockchain technology and cryptocurrencies, you can find various related jobs, from crypto developer to crypto analyst. There’re also non-technical jobs you may want to consider, just in case you’re not an avid techy person. Whatever your choice, have in mind that these jobs fall into different sectors, have different niches, and, consequently, require different abilities and experience. You should analyze your options carefully, revise the information, and thus find what’s suitable for you.

Here, you can find the many types of crypto-related jobs.

Technical Jobs

These jobs usually demand a more profound expertise level, and training in programming, AI, coding, blockchain technology, or machine learning might be required. So, let’s see what falls into this category.

Crypto Developer / Blockchain Developer

Based on a 2021 Global Blockchain Employment Report, blockchain developers are basically the most sought-after individuals in the crypto industry today. The worldwide demand for blockchain developers is projected to increase by 300%-500% annually, which is encouraging news for developing enthusiasts. These roles are also some of the highest-paying on the market, as the average yearly wage can reach even $123,750. To be competitive for this role, you must be highly proficient in programming, particularly with languages like Go, C++, C#, Python, and JavaScript.

Some entry-level job opportunities include a blockchain legal assistant, junior or full-stack developer, and graduate developer. What’s needed to apply for such a position? Strong programming knowledge and, perhaps, a diploma in the field.

Mining

A promising career in cryptocurrency could also be mining-related. Numerous crypto companies look to maintain their mining farms and data centers, so finding a job today that combines both technical expertise and engineering ability is more achievable than ever. Moreover, you can apply for positions that focus not only on the technical side of things; some mining companies are interested in roles like administration and marketing.

Some popular jobs in mining include electrician, data center technician, junior marketing assistant, and content creator. Mining technicians, for example, collect, run, and maintain the ‘rigs’ that mine digital currencies.

Non-Technical Jobs

There’s not always about a solid technological know-how; you can also work in domains such as:

Marketing

The variety of crypto-focused tasks also gave rise to marketing jobs. Thus, crypto marketing professionals are assigned to interact with social platforms like LinkedIn, Facebook, Twitter, and YouTube and work with crypto publication networks and businesses.

Venture Capital

Cryptocurrencies have financial implications, so there’s a need for someone handling this financial side of digital currencies, too. As increasingly more crypto startups are willing to make a tangible change in the industry, venture capital firms are here to help. So, to be competitive in cryptocurrency venture capital, you have to be proficient in entrepreneurship, financial modeling and economics. Roles in this field may include venture capital intern, investment or junior portfolio analyst, or research associate.

All these jobs mentioned above usually imply working with an already existing currency, such as Ethereum or Bitcoin. Still, they can also involve ICO (Initial Coin Offering) projects, meaning the candidates must develop a completely new currency using blockchain.