Bitcoin-Related Jobs Booming Along With Bitcoin
In Q3 2017, Bitcoin-related jobs have jumped up 82 percent.
International employment marketplace Freelancer has noted that Bitcoin-related jobs are the highest growers, hitting 82 percent growth in the third quarter alone.
The company's periodic report tracks top trends in online jobs based on the listings on its Freelancer.com platform.
Freelancer notes that a lot of the growth is coming from companies that are looking for freelancers to design new coins, essentially helping them launch ICOs.
"People are getting freelancers to design new types of cryptocurrencies," Matt Barrie, CEO of Freelancer, said.
One of the main skills for which companies are looking is the ability to manage an ICO. ICOs have been seen to be highly lucrative, and many are popping up all over the place. However, recent regulations have slowed down the frenzy.
It is not only the developers and designers of these new coins that are in such high demand for new ICOs according to Freelancer. Employers are looking for people to create new cryptocurrencies but also to write proposal plans for technologies employing Blockchain.
The related field of cryptography saw the number of job listings rise 59 percent in the third quarter, according to Freelancer. Cryptography is essentially the underlying theory upon which the Blockchain and by extension Bitcoin is based.
It is not only useful in cryptocurrency, but it is also a skill that has played a significant role in Internet security and privacy.
Not only is their a higher demand for crypto-workers, but the jobs on offer are also decidedly better than most in a similar field.
A report done in September found cryptocurrency jobs pay, on average, 10 to 20 percent more than the industry norm. Further, they offer better benefits.
Second, cryptocurrency companies have far more flexible remote working perks. In fact, within cryptocurrency companies, employees are 22 percent more likely to have remote working freedom.
Third, cryptocurrency companies and especially ICOs offer far superior liquidity options. Typical equity positions require a liquidity event in order to be sold and have complex restrictions. ICOs generally offer employees coins as part equity positions. While those coins may still have some restrictions, they are far more liquid that options.