Are you curious about where the crypto job market is hottest in the United States? A recent Bloomberg study, powered by LinkedIn data, has unveiled the cities leading the charge in crypto hiring this year. Let’s dive into the findings and see which locations are becoming crypto job hubs.
Which Cities Are Dominating the Crypto Job Market?
To understand the crypto job landscape, Bloomberg and LinkedIn teamed up to analyze hiring trends. They focused on LinkedIn members who landed new jobs between January and September 2021. These new roles had specific keywords in their titles – think “crypto,” “blockchain,” “Bitcoin,” “Ethereum,” and “Solidity.”
It’s important to note what this study captures. As Bloomberg clarified, the data is a “rough proxy” for the broader crypto job market. It primarily tracks crypto specialists, not roles like HR within crypto companies. This means the study gives us a focused view on the technical and specialized side of crypto employment.
Bloomberg further explained that the study hones in on individuals with specialized crypto skills.
San Francisco Bay Area: The Undisputed Crypto Job Leader?
The data reveals a clear frontrunner: the San Francisco Bay Area. This tech hub recorded the highest concentration of crypto hires. For every 100,000 LinkedIn members in the Bay Area metro, firms made approximately four crypto hires. This makes San Francisco the city with the highest density of crypto job opportunities, according to the Bloomberg analysis.
Which Cities Are Following Closely Behind?
Austin, Texas, emerges as a strong second. Austin saw three crypto hires for every 100,000 LinkedIn members. This suggests Austin is rapidly becoming a significant player in the crypto job market, potentially challenging the Bay Area’s dominance in the future.
Several other cities are also showing strong crypto job growth, each with at least two crypto hires per 100,000 LinkedIn members. These include:
- New York City
- Miami-Fort Lauderdale
- Denver
- Raleigh-Durham-Chapel Hill
- Salt Lake City
- Portland
This data, sourced from The Bloomberg study, highlights a geographically diverse expansion of crypto job opportunities across the US.
Where Do Most Crypto Jobs Concentrate?
When we look at the overall market share of crypto specialist jobs, New York City takes the top spot with 18.3%. San Francisco follows closely in second place with 12.2%. This indicates that while San Francisco has a higher density of crypto jobs relative to its LinkedIn population, New York City hosts a larger overall volume of these roles.
What About the Rest of the US?
Interestingly, the Bloomberg study points out that over half of the crypto jobs are spread across the nation. While major hubs like New York and San Francisco lead, a significant 53% of crypto jobs are distributed in smaller portions throughout other US locations. This suggests a decentralization trend in the crypto job market, with opportunities emerging beyond the traditional tech centers.
As Bloomberg concludes, crypto job growth isn’t limited to just a few hotspots; it’s a nationwide phenomenon.
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