Cashing In on Hiring Trends: Bitcoin and Cryptocurrency

Did you know crypotcurrency, such as bitcoin, has become so big that there is a job fair dedicated to this topic? ERE.net recently highlighted an upcoming Bitcoin Job Fair taking place this May in the Silicon Valley.

Right now, the website for this event says, "Help build bitcoin. An opportunity to work for top companies and startups in the cryptocurrency space. Start earning income in digital currency." Would you even consider paying employees in bitcoins? Just how big is demand for employees with bitcoin skills or interests? To find out, we analyzed hiring trends for bitcoin, cryptocurrency, digital currency, virtual currency, and digital money.

The term "digital currency" appears more often in job ads than "bitcoin" or "cryptocurrency." In March 2014, there were about 1,880 job ads posted online for these terms, a 9% increase over the same time last year, according to WANTED Analytics.

As bitcoins gained more awareness and press coverage over the past year, are you surprised demand hasn't grown more? Four years ago there had already been some level of demand for bitcoin-related jobs. The number of ads posted online for these positions accelerated during the first half of 2012 and experienced another surge during Spring 2013. From January 2012 to July 2012, the number of job ads grew 472%.

Hiring Demand for Cryptocurrency, Including Bitcoins - 4 Year Hiring Trends

SOURCE: WANTED Analytics
 

Currently, Visa has the highest number of job listings that advertise for bitcoin talent. Below are the companies with the greatest number of job ads for bitcoin and cryptocurrency positions. Almost half of the companies listed below are financial institutions. Two are online gaming related businesses, MeetMe and Skillz. The other companies with the most hiring demand are a mail order house and a communications/broadcasting company.

Employers Hiring for Bitcoin and Cyptocurrency Talent

SOURCE: WANTED Analytics
 

What types of jobs are employers looking to fill with candidates who are knowledgeable about bitcoins and cryptocurrency? Most companies are looking for Marketing Managers. However, overall bitcoin hiring demand was highest for IT jobs, with 7 out of 10 positions below being for computer occupations. Management jobs had the second most demand, followed by finance positions.

Most In-Demand Bitcoin Jobs

  1. Marketing Managers
  2. Software Developers, Applications
  3. Management Analysts
  4. Market Research Analysts and Marketing Specialists
  5. Web Developers
  6. Network and Computer Systems Administrators
  7. Computer Systems Analysts
  8. Computer and Information Systems Managers
  9. Computer User Support Specialists
  10. Computer Systems Engineers/Architects

Visit WANTED Analytics to learn how you can find out more information about this topic. 

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