As shown by a LinkedIn statistics, cities lead the way in terms of crypto-related hires in the US in 2021, although crypto-related jobs are widely spread around the country.
A new study conducted by LinkedIn for Bloomberg shows that there is not a single hub for crypto or blockchain specialists in the United States. Searching through LinkedIn members in the U.S. who listed a new job in the first nine months of the year that matched keywords crypto, blockchain, Bitcoin (BTC), Ethereum or Solidity unveiled that about 53% of crypto jobs are dispersed across the States in small chunks.
Since crypto and blockchain are at the crossroads of money and technology, it’s no surprise that New York and San Francisco were at the top of the list. Third place went to Los Angeles, with Miami and Chicago following close behind.
Decentralized organizational structures are pushing a remote workforce, especially among crypto startups, according to Diogo Monica, co-founder of crypto technology services company Anchorage Digital. “This means that cities and states with cheaper taxes, better infrastructure, and easy access to an international airport will gain from entirely remote work,” he continued.
The crypto industry’s impact on mid-sized metro regions becomes evident when population is adjusted: in Austin, Denver, Raleigh, and Salt Lake City, at least two persons were hired for crypto employment for every 100,000 LinkedIn members. For example, despite having an 18.3% market share, New York hired an average of 2.8 persons per 100,000 LinkedIn members, and Austin, Texas, hired three people on the same scale despite having a 2% market share.
Cities across the United States are likewise attempting to entice the crypto business. Eric Adams, the newly elected mayor of New York City, spoke about his aspirations to make the city a Bitcoin hub. He also stated that he will collect his first three paychecks in Bitcoin, following Miami Mayor Francis Suarez’s lead.