The Bitcoin bulls will be happy today as a new survey made by Glassdoor has found out that there are more job opening in the field of cryptos and the blockchain technology than there was in the last 18 months, just when the crypto hype was beginning.
Despite the bear market that is crashing prices down, the industry is set on taking the blockchain to the next level now.
Glassdoor’s research findings seem to indicate that since April 2017, crypto job opening are in an all-time high. The number of jobs grows almost every month as the industry is starting to get more robust. Even as the prices started to fall this year, the trend up continued.
The related job openings were about 230 in April 2017 and are 1,775 in August 2018. After December 2017, they only went down slightly in January, then again in May and June and all these times the numbers only went slightly down. Most of the jobs came from crypto companies like Coinbase, and Joseph Lubin’s ConsenSys.
It looks like the trend is still up. Why? Mostly because prices peaked in December 2017 but people were only getting to know cryptos and all their potential then. Now, they are surer on what they will have to do and this space has quickly been professionalized.
The prices started to go up as soon as the prices did but, possibly because they did it slower, they still have room for growth in the industry. In August, Bitcoin was worth around $6,500 USD, a number three times lower its peak, but job openings were peaking then.
Most job openings are from either New York City or the Silicon Valley (San Francisco and San Jose, in California). Other important places were Chicago, Seattle, Boston, Los Angeles and Washington, all of which had from 84 to 57 job openings.
Will The Growth Continue?
Companies looked to be confident in their investments in the crypto industry, which means that the job growth in the area may well continue.
Whoever, with the price of Bitcoin dipping below $4,000 USD now, will the companies continue to be so sure? High-profile companies like Fidelity and the Intercontinental Exchange (ICE) seem to be believing in the future of cryptos, so there is a good chance that the trend will continue. However, if the prices drop too much, there is simply no way to know what will happen.