As talk of the Bitcoin halving, exchange-traded funds and other macro factors seem to point to the beginning of the next bull market cycle for crypto, many might be considering starting a career in this space. It happens to many people involved with Bitcoin (BTC), blockchain or cryptocurrencies.
At first, they are “investors” researching and buying assets in a new digital asset class. For some, this turns into a desire to enter the decentralized ledger technology and blockchain industry. Many have decided to find paths to employment and acquire the skills necessary to jump into careers in this space.
Since the beginning of the blockchain and cryptocurrency industry, most people have found jobs through informal connections or demonstrable skills.
It is a bit harder to break through into this growing industry today, but universities have stepped up with a solution. Formal blockchain degrees are now offered across the globe, allowing individuals to master the concepts on which the sector is built while networking and gaining inroads into the industry.
Since the bear market and the subsequent slowdown of the blockchain industry in late 2021, there have been significant human resource cuts at crypto-centric firms like Coinbase, Gemini and Consensys.
The last half of 2023 has recently seen growing speculation and potential signals that the start of the next bull market is approaching. Increasing activity in the blockchain industry suggests the increased need for talent to meet the upcoming demand, and many people are interested in getting a foot in the door at a crypto company and finding ways to set themselves apart from the rest of the industry.
Not everyone is a high-profile individual like Jon Dalby, who left his role as chief financial officer of Bridgewater Associates to join New York Digital Investment Group (NYDIG) in 2021. Dalby brought with him traditional finance experience that is valuable to NYDIG.
However, not all degrees can easily translate into the blockchain industry, as individuals must grasp the technical and functional sides to understand the unique value propositions this new industry holds.
The blockchain industry has been reported to be on the road to serious growth, with a predicted continuous average growth rate of 59.9% from 2023 to 2030. According to PwC, there will be over 40 million blockchain industry-related jobs worldwide by 2030. Looking at the average salaries for some common blockchain industry jobs in the United States,…
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