New examine reveals which US cities lead crypto hires in 2021
Metropolis spearheaded crypto-related recruitment in the United States in 2021, but jobs in this area are spread across the country, LinkedIn data showed.
A new study by LinkedIn for Bloomberg shows that there isn’t a single hub for crypto or blockchain specialists in the US. A search for LinkedIn members in the US who had a new job listed in the first nine months of the year that matched the keywords crypto, blockchain, Bitcoin, Ethereum or Solidity found that around 53% of crypto jobs were in the scattered all over the country in little chunks.
With crypto and blockchain at the intersection of finance and technology, the traditional financial center of New York and the technology center of San Francisco were unsurprisingly ahead. Los Angeles took third place, followed by Miami and Chicago.
Diogo Mónica, co-founder of crypto technology services company Anchorage Digital, highlighted that decentralized organizational structures drive a remote workforce, especially at crypto companies. “That means cities and states with lower taxes, great infrastructure and quick access to an international airport can benefit from full remote work,” he added.
Adjusted for the population, the influence of the crypto industry on medium-sized metropolitan areas is clearer: for every 100,000 LinkedIn members, at least two people were hired for said crypto jobs in Austin, Denver, Raleigh and Salt Lake City. For example, New York leads the hiring with a market share of 18.3%, but an average of 2.8 people were hired per 100,000 LinkedIn members, while Austin, Texas, hired three people of the same size, despite the city hiring 2 . has% share.
Related: Survey found that poorly paid workers quit their jobs thanks to crypto profits
US cities are also trying their best to attract the crypto industry. New York City Mayor-elect Eric Adams announced his plans to make the city the center of the cryptocurrency industry. He also followed the example of Miami Mayor Francis Suarez by stating that he will take his first three paychecks in Bitcoin (BTC).