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Blockchain Jobs Rapidly Growing in Asia Despite Crypto Market Losing Staggering Amount of Value in 2018

  • Alex Dovbnya
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    After a brutal price drop, Bitcoin hits a slump on the Asian job market while Blockchain-related positions take a huge leap


Blockchain Jobs Rapidly Growing in Asia Despite Crypto Market Losing Staggering Amount of Value in 2018

According to a new CNBC report, the number of Blockchain jobs is swiftly increasing in Asia. At the same time, the demand for Bitcoin-related positions is dwindling due to a sharp decrease in Bitcoin price.  

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A rising demand for Blockchain specialists

The innovative distributed ledger technology is gradually gaining traction even in more conventional sectors of the Asian market despite the persistent bearish trends in 2018. To back up this claim, CNBC points to the report of a London-based recruitment giant Robert Walters which states that Blockchain-related job postings have increased by a whopping 50 percent in Asia. On top of that, Blockchain becomes one of the most popular skills sought by the employers.

Only insiders are allowed


The increasing interest in Blockchain and cryptocurrencies doesn’t mean that any crypto enthusiast will get a job. In fact, very few will. The aforementioned report states that companies while trying to adopt the nascent technology, will dole out such ‘dream jobs’ only to those specialists who have an extensive experience of working in other related industries (either technical or financial).   

TenX’s Julian Hosp states that ‘very, very few’ people from the crypto world actually have the required skills to work on Blockchain-powered projects. Thus, the industry’s bigwigs refrain from hiring unskilled developers.

It’s all about Bitcoin price, isn’t it?  


Not surprisingly, Bitcoin price, which sets the general market sentiment, is a pivotal factor for the popularity of Blockchain jobs. Hosp states that they start recruiting many people if the price goes up in order not to miss the boat. However, a prolonging bearish trend (which we keep witnessing since January) is wont to significantly lower the demand – companies want to avoid an industry that is supposedly dying.

While it is true for Bitcoin jobs (the highest level of demand coincided with the December peak), Blockchain-related positions that do not focus on the technology’s most popular use case are actually increasing.

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Cover image via u.today
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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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