With Bitcoins increasing in price at a mammoth scale, the market is opening up newer avenues to spend the same. This has given rise to a huge vacancy for crypto experts who know all the knitty gritties of digital token architecture. Job postings on popular job portal LinkedIn increased by 9 times in the last three years whereas those pertaining to software technology increased by 4.6 times. The career oriented social network data thus revealed that the future belongs to Bitcoin and those who wish to ride this wave need to have knowledge of the same. The listings made under financial services are growing much more rapidly. However the lions-share of crypto related jobs accounting to approximately 70% are related to software development.
The journey of Bitcoin has surely been a highly eventful one registering a magnanimous 11 times price increase in the current fiscal. It has come a long way from being the pastime hobby of technical nerds to a Thanksgiving dinner table discussion. This had led to knowledge in cryptocurrencies being treated as a skill in LinkedIn. Job listings sighting cryptocurrency knowledge as a specific skill has increased by 28 times since its stand four years back. Companies looking for employees having Bitcoin aptitude have also climbed up the ladder by 5.5 times.
A crypto conference earmarked for institutional investment held earlier this week accumulated analysts and financers from across the globe in a Manhattan hotel for discussing about the future prospects of crypto industry. Skeptics have for long warned investors about Bitcoin being a bubble. But once Bitcoin crossed over the $10000 threshold, it became all the more difficult for Wall Street titans to shy away from its radiation. James Schneider, an analyst working at Goldman Sachs Group Inc recently stated to his clients after attending a news conference that, “some fund managers predicted that endowments and traditional institutional investors could begin to participate in the market over the next two years, but noted that significant challenges related to market structure and regulation will need to be overcome.”
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Tarunima Ghosh Laha is a Finance Post Grad from St. Xaviers who believes Finance is more than just Balance Sheets and Ledger creation. This filmy bookworm who believes she was a sloth in past life also nourishes a penchant of owning a private zoo someday. Equipped with a laptop and online Lexicon she is all set to give finance a glamorous makeover in the form of exciting writeups with bang on info and flashy new words.
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