According to data from business social networking site LinkedIn, the number of blockchain and cryptocurrency job vacancies has grown by 615% since 2020.
The Economic Graph, a research group on LinkedIn, estimates that large financial companies will add three times the number of people with digital asset experience this year compared to 2015. Already in the first half of this year, the number of cryptocurrency specialists who got a job grew by 40% compared to the same period in 2020. In addition, the number of job postings in the United States that include the terms “cryptocurrency” or “blockchain” increased by 615% in August 2021 compared to the same month in 2020. Previously, LinkedIn reported that blockchain developer jobs have become the most popular in the US, UK, Australia, France and Germany.
American bank JPMorgan leads the list of employers hiring employees for positions related to blockchain and digital currencies. This is due to the fact that more and more financial institutions are starting to provide cryptocurrency services in order to meet the ever-growing needs of customers. In August, JPMorgan gave them access to its sixth crypto fund, although JPMorgan Chase CEO Jamie Dimon does not understand the value of bitcoin and is considered an opponent of cryptocurrencies. However, he is convinced that because of his position, it is not worth limiting the investment opportunities of clients if they show a strong interest in cryptoassets.
Roman Regelman, the head of the digital technology department of the New York bank BNY Mellon, also shared his opinion on the employment of specialists in the field of cryptocurrencies. Speaking to LinkedIn News, he said the bank is interested in employees who can innovate or innovators who can work in a highly regulated environment. According to Regelman, it is very difficult to find such people, but the bank has taken the necessary measures to attract good specialists in the field of cryptography and financial technology.
“Imagine a traditional banker and innovator. These are completely two different images. However, the possibilities of digital assets are enormous, and it is important to bring diversity to the work of traditional banks, then they will become a “magnet” for financial talent. We need to be flexible and implement a culture that provides a greater level of transparency than is customary in the industry, ”said Regelman.
LinkedIn also mentioned Dan Morehead, head of cryptocurrency hedge fund Pantera Capital. He started his career at Goldman Sachs in 1987 and spent about ten years at other major banks. When Morehead first learned about Bitcoin in 2014, he focused exclusively on cryptocurrency activities. However, Morehead said it took him a while to grasp the potential of Bitcoin. In Bitcoin, he is attracted by the possibility of increasing investments by 10 or even 100 times. Given the high demand for cryptocurrencies among individuals and institutional investors, the biggest change in the cryptocurrency industry has been the emergence of banks, investment firms and pension funds, Morehead said.
