LinkedIn study reveals names of US cities leading crypto hires in 2021
A new analysis of LinkedIn has shown that crypto-related hires in the United States follow a “well-dispersed” pattern around the country.
The LinkedIn study conducted for Bloomberg has shown that, as of now, there are no concentrated hubs for crypto or blockchain specialists in the United States. If one searches through LinkedIn members in the US, one can find new job listings dated in the first nine months of 2021 that coincided with keywords including Bitcoin, Crypto, Ethereum, Blockchain, or Solidity. Further, it was seen that 53 per cent of the total crypto jobs across the States were distributed in smaller chunks.
Since blockchain and crypto stand mainly at the juncture between finance and technology, the conventional finance hub New York alongside the tech hub of San Francisco had the top scores in the highest number of hires for crypto positions while Los Angeles ranked in the third spot, closely followed by Miami and Chicago.
Co-founder of crypto technology services firm Anchorage Digital, Diogo Mónica, has highlighted that decentralized organizational structures are fueling a remote workforce, especially among crypto firms. It means that cities and states having lower tax rates, great infrastructure, as well as speedy access to an international airport “would benefit from fully remote work,” he added.
When speaking about population, the crypto industry’s impact on mid-sized metropolitan areas now becomes clearer. For every 100,000 members on LinkedIn, at least two people have been hired for crypto jobs situated in Austin, Raleigh, Denver and Salt Lake City.
At present, New York leads the number of hires with an 18.3 per cent market share, but it had hired an average of 2.8 people for every 100,000 LinkedIn members, while in Austin, Texas, three people were hired for the same scale even though the city has 2 per cent share.
According to the stats, US cities are trying their best to attract the crypto sector. New York City’s newly elected Mayor Eric Adams has shared his plans of making the city the centre of the cryptocurrency industry. He has reportedly also followed Miami Mayor Francis Suarez’s example in stating that he would take his first three paychecks in Bitcoin.