With the blockchain market set to hit $2.9 billion in 2021, a new study reveals which US cities are leading in crypto talent growth.
“Blockchain landscape 2021” is a new study that predicts which US cities will have the most crypto jobs in 2021. Read more in detail here: blockchain landscape 2021.
According to LinkedIn statistics, cities lead the way in terms of crypto-related employment in the United States in 2021, although positions in the field are widely spread around the nation.
According to a recent survey performed by LinkedIn for Bloomberg, there is no single center in the United States for crypto or blockchain experts. According to LinkedIn users in the United States who posted a new job with the keywords crypto, blockchain, Bitcoin (BTC), Ethereum, or Solidity in the first nine months of the year, around 53% of crypto jobs are distributed throughout the States in tiny pieces.
Because crypto and blockchain are at the crossroads of money and technology, it’s no surprise that New York and San Francisco lead the charge. Third place went to Los Angeles, followed by Miami and Chicago.
Decentralized organizational structures, according to Diogo Monica, co-founder of crypto technology services business Anchorage Digital, are pushing a remote workforce, particularly among crypto startups. “This implies that towns and states with cheap taxes, good infrastructure, and easy access to an international airport will gain from entirely remote employment,” he said.
When population is taken into account, the crypto industry’s influence on mid-sized metro regions becomes clearer: in Austin, Denver, Raleigh, and Salt Lake City, at least two persons were employed for crypto positions for every 100,000 LinkedIn users. New York, for example, has an 18.3 percent market share but employs an average of 2.8 individuals per 100,000 LinkedIn users, but Austin, Texas, recruits three people on the same scale despite having a 2% market share.
According to a survey, lower-paid employees are abandoning their employment as a result of cryptocurrency earnings.
Cities in the United States are likewise attempting to attract the crypto business. Eric Adams, the newly elected mayor of New York City, spoke about his aspirations to make the city the epicenter of the Bitcoin business. He also followed Miami Mayor Francis Suarez’s lead by announcing that his first three salaries would be paid in Bitcoin.
The “the block crypto research” is a new study that reveals which US cities will lead the way in hiring crypto-related jobs in 2021.
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