Blockchain Job Seekers Decline As Bitcoin Faces Bear Market
Two new reports on the job sector show that fewer people are applying to blockchain-based jobs following bitcoin’s bear market throughout 2018 and parts of this year.
According to LinkedIn’s “Emerging Jobs” report, the industry of blockchain and role of “Blockchain Developer” sank to make a list for 2020.
The report, which examines the job market and growth in different sectors, said the low demand for blockchain development by jobseekers was a consequence of a slump in popularity for crypto-assets, Blockchain Developer did not respond, which may not come as a wonder given the speedy decline in the fame of Bitcoin and other cryptocurrencies.
Another report by Seen, a tech hiring platform operated by Indeed.com, discovered a similar trend in decline for blockchain roles by jobseekers. The report, which examined many job postings on Indeed.com, found that while the search for blockchain services remains high, developers soliciting employment in the sector have declined.
Indeed found that searches for bitcoin, blockchain, and cryptocurrency roles have decreased unwaveringly since reaching a peak in early 2018.
According to the report, looking more lately, in the past year, the percentage of cryptocurrency job postings per million on Indeed has developed by 26%, while the rate of searches per million for jobs has declined by 53%.”
The report continues, we have earlier reported how bitcoin’s volatility seems to associate with job seeker interest, and the shift in the bitcoin price this year might be why job searches have declined.
However, the rise in jobs for blockchain indicates that current developers looking for work will have their pick of the litter in 2020, even if the overall number of job seekers in the sector has decreased.