You won’t physically see “Now Hiring” signs propping up like mushrooms in the cryptocurrency space, but Bitcoin and its underlying technology, blockchain, have their doors open for talent as Forbes reported that research performed by online job board Glassdoor showed that the industry ramped up their hiring with a 300% increase in jobs.
According to the research numbers, 1,775 bitcoin and blockchain-related job openings were available in the U.S. as of August 2018. This represents an increase of 693 since the start of 2018 and a rise of 446 versus the same time last year.
The Glassdoor research comes as leading digital currency Bitcoin and other cryptocurrencies are still striving to obtain wider adoption by the general public. Nonetheless, it portends to expected growth by the companies that are hiring.
“While the ultimate staying power of cryptocurrencies and blockchain technologies remains to be seen, the blockchain job market seems primed to continue its rapid growth into the near future,” the report said.
With Halloween looming this month, cryptocurrency investors could be in for a treat as the Securities and Exchange Commission (SEC) set Friday, Oct. 26, 2018 as the deadline for public comments on nine applications from various issuers looking to launch bitcoin exchange-traded funds (ETFs). However, they could also be in for a trick as nine have tried and nine have failed with respect to bringing in a cryptocurrency-related ETF to the capital markets, but is the latest SEC invitation a sign that the chances are now better than expected?
According to an article in Forbes, ”investor focus over recent months has shifted to the possibility of a Bitcoin ETF being approved by the SEC–something that will boost mainstream adoption of the cryptocurrency at a much more rapid pace than full-fledged trading support by investment banks. Although there has been little news on this front over recent weeks, the SEC’s recent decision to invite comments from investors supporting or opposing Bitcoin ETFs should renew interest in the industry over coming months.”
An ETF blessed with the SEC’s approval could essentially open the proverbial floodgates to even more hiring in the cryptocurrencies space.
2018 Disruptive ETF Virtual Summit Tackles Crypto
The 2018 Disruptive ETF Virtual Summit was capped off by a fourth and final panel that featured Brian Kelly, Founder & CEO of BKCM paired with Matt Hougan, Global Head of Research at Bitwise Asset Management.