Bitcoin, blockchain jobs remain unfilled as interest drops off

While the number of jobs related to blockchain and cryptocurrencies such as bitcoin has skyrocketed in the past four years, the number of searches for those jobs has  drastically dropped recently, according to job search site Indeed.

Over the past year, the share of cryptocurrency- and blockchain-related job postings per million has slowed on Indeed, increasing 26%. At the same time, the share of searches per million for jobs in the field has decreased by 53%.

Indeed blockchain cryptocurrency bitcoin jobs Indeed

A year ago, Indeed’s data similarly showed interest in blockchain development skills, including the creation of cryptocurrencies, had waned as bitcoin’s value – and the hype around it – fell off.

“We’ve previously covered how bitcoin’s volatility seems to correlate with job seeker interest, and the change in bitcoin price this year might be why job searches have declined,” said Allison Cavin, a writer for Seen, Indeed’s tech hiring platform.

The mismatch between the number of jobs being created and the number of qualified candidates to fill them has always been lopsided. According to Indeed.com, in the four-year period between September 2015 and September 2019, the share of cryptocurrency jobs per million grew by 1,457%. In that same time period, the share of searches per million increased by only 469%.

Bitcoin’s value has been on a roller coaster ride in the past two years. In 2018, the cryptocurrency’s price plummeted from nearly $19,500 in Februrary to around $3,600 by the end of last year. Over the past year, however, bitcoin’s value jumped to more than $12,000 before settling back to about $9,200 today. The volatility seems to be turning potential job seekers off.

Copyright © 2019 IDG Communications, Inc.

Crypto Destroyer

Be the first to comment

Leave a Reply

Your email address will not be published.


*


This site uses Akismet to reduce spam. Learn how your comment data is processed.