Job losses are unfortunately soaring in many parts of the world and as the world struggles to come to terms with the economic fallout there is a glimmer of light to be found – an unlikely career boom going on in crypto.
Cryptocurrency exchanges have begun a sudden hiring spree as Bitcoin positions itself for a possible pending bull run.
Binance has expanded its workforce by 25% in the first quarter, Coinbase Inc. has listed dozens of openings on their website and Kraken LLC said on Monday that it needs to recruit 350 staff, 100 more than usual due to increased demand on its exchange.
Many exchanges and crypto lending companies are anticipating greater interest from investors because of to the Bitcoin halving in May, an event that occurs every four years that prevents inflation by slowing the pace at which Bitcoin are created, so as to not outstrip demand.
Exchanges are benefitting because investors are looking to alternative assets like cryptocurrencies due because of instability in traditional financial markets, the result of the COVID-19 epidemic.
In a recent article published here, on Bob’s Blockchain Café, mainstream media giant Bloomberg published an eight page report in which they evidence the rapid maturation of Bitcoin and how it is now ready to take its place as the digital equivalent of gold.
The report, which is given out to all of its Bloomberg constituents details how Bitcoin is due to make a transition into gold-like asset very soon and that a massive bull run is on the cards later this year, which may explain an increased job demand from cryptocurrency exchanges.