PakGazette – Bitcoin increase above $ 100,000 has fed speculation about renewed interest in cryptocurrencies, but Barclays (Lon 🙂 Analysts suggest that the hiring panorama in the cryptocurrency sector remains moderate.
In his latest report, Barclays examined whether the recent price increase, attributed in part to the anticipation of a Trump Trump friendly with cryptocurrencies, has promoted an increase in work offers related to cryptocurrencies.
Using Lightcast data, analysts tracked job offers that presented keywords such as “cryptocurrency”, “bitcoin”, “ethhereum”, “metoverso”, “web3” and “blockchain”.
The findings reveal that the work -related work offers reached their maximum point at the end of 2021 and early 2022, and the specific web3 roles reached their highest levels later in 2022.
Since then, the bank said the hiring activity has constantly decreased.
“Although the price of Bitcoin has responded to the potentially friendly Trump administration with cryptocurrencies, the hiring does not,” the analysts wrote.
Among the tracked keywords, work -related work offers remain the most frequent, even until 2024.
However, when indexing with the levels of January 2022, Barclays said the data shows that all categories of roles related to cryptocurrencies are still significantly reduced.
The report highlights a disconnection between Bitcoin market performance and broader hiring trends in cryptographic space.
They explained that, although the potential of regulatory changes under the Trump administration may be generating optimism, it has not yet translated into a remarkable rebound in the demand for workforce within the sector.
Barclays’s findings suggest that despite Bitcoin’s recent rebound, the rebound in the cryptography industry can go behind other market enthusiasm indicators.
