As the demand for digital currencies continues to surge, more opportunities for work open up to crypto and blockchain experts. In fact, according to recent studies, job listings that mention keywords, including “blockchain” or “cryptocurrency”, have jumped by over 600% since 2015.
So what’s behind cryptocurrency’s meteoric rise? According to PhD professor, Stuart Strother, of Azusa Pacific University, cryptocurrencies have appealing attributes that offer a better banking experience than what traditional banks currently offer. For instance, most cryptocurrencies have predefined supply limits, which ultimately mean inflation is controlled.
The fact that governments cannot regulate cryptocurrency is another attractive trait about cryptos. Lastly, there is the fact that cryptocurrency transactions can be cheaper than the transaction costs charged by traditional banks. If you are thinking of working in cryptocurrency, here are the top four jobs to aim for.
As a blockchain engineer, you’ll be designing and deploying applications with the use of blockchain technology. Although blockchain was introduced as a digital ledger that records crypto transactions, many companies are now unlocking ways to use the technology for their own benefit. Based on a CNBC article, blockchain engineers can make an annual salary of anywhere between $150,000 to $170,000.
Financial analysts use specialized tools and acquired knowledge of business and economic principles to help their clients make more informed investment decisions. But as more people invest in cryptocurrencies and tokens, the need for professional guidance is essential to minimizing capital risk. According to a report from the Bureau of Labor Statistics, financial analysts can earn a median salary of $85,000. Those who have their own steady portfolio of high net worth clientele can bank more.
One of the main attributes that make cryptocurrency an attractive new piece of technology is its relatively secure design. Since all transactions are digitally recorded, verified by multiple parties, and updated in real time, there is little room for error or malicious activity. That being said, the underlying technology isn’t fault-proof. Security architects are the people in charge of building out a company’s security infrastructure to make sure that their system is safe from unauthorized access and changes. As a security architect, you can make upwards of $120,000 per year.
One of the key strengths of crypto is its transparency. Since data is free and overflowing, companies bring in data analysts to organize, digest, and make sense of the information. A data analyst’s findings will be used to find leverageable opportunities. You’ll be studying cryptocurrency prices, candlestick trends, support and resistance levels, and other relevant data points to try and predict future price direction and trend of a specific crypto or the market in general.
These are only a few of the many top jobs that have risen commensurately with crypto’s rise in popularity. Other possible career paths you can pursue within this field include trade support manager, blockchain consultant, project manager, risk analyst, quality engineer, and legal consultant. To make yourself more marketable, consider investing time and energy into learning the fundamentals of blockchain technology as well as interpersonal skills that can be applied to the industry.