Barclays investigates if Bitcoin prices to increased employment for crypto jobs investing.com
Investing.com – Bitcoin jump over $ 100,000 has encouraged speculation about again interest to cryptocurrencies but but Barclays (Lon 🙂 Analysts suggest that the landscape of employment in the crypto sector is still muffled.
In his latest report, Barclays examined whether the recent jump in prices, which is partially attributed to the anticipation of Trump’s administration that is friendly for Kripto, has encouraged an increase in the number of ads for jobs regarding Kripto.
Using Lightcast data, analysts have monitored tasks containing keywords such as “cryptocurrencies”, “bitcoin”, “Ethereum”, “Metaverse”, “Web3” and “Blockchain”.
The findings reveal that job ads in connection with cryptography peaked at the end of 2021 and early 2022, and the roles specific to the web3 reached their highest levels later in 2022.
Since then, the bank has said that employment activity has been constantly declining.
“Although Bitcoin’s price responded to a potentially cryptocurrency of Trump’s administration, employment is not,” analysts wrote.
Among the key words followed, Blockchain’s job ads are still the most prevalent, even by 2024.
However, when indexed according to the January 2022 levels, Barclays stated that the data show that all the categories of roles associated with the crypt are still significantly in the fall.
The report emphasizes the insortictivity between the market performance of Bitcoin and the wider hiring trends in the crypto area.
They explained that, although the potential for regulatory changes under Trump’s administration may be optimism, it has not yet transformed into a significant increase in demand for workforce within the sector.
The Barclays findings suggest that despite the recent increase in Bitcoin, recovery of employment in the cryptum industry may be lagging behind other indicators of market enthusiasm.
