Investing.com – Bitcoin’s surge above $100,000 has fueled speculation about renewed interest in cryptocurrencies, but Barclays (LON:) Analysts expect the hiring landscape in the crypto sector to remain subdued.
In its latest report, Barclays examined whether the recent price surge, driven in part by expectations of a crypto-friendly Trump administration, has led to an increase in cryptocurrency-related job postings.
Using Lightcast data, analysts tracked job postings with keywords like “cryptocurrency,” “Bitcoin,” “Ethereum,” “Metaverse,” “Web3,” and “blockchain.”
The results show that crypto-related job postings peaked in late 2021 and early 2022, with Web3-specific roles peaking later in 2022.
Since then, hiring activity has steadily declined, the bank said.
“Although Bitcoin price has responded to the potentially crypto-friendly Trump administration, hiring has not,” the analysts wrote.
Among the keywords tracked, blockchain-related job postings remain the most prevalent in 2024.
However, when indexed to January 2022 values, Barclays said the data showed that all categories of crypto-related roles were still down significantly.
The report highlights a disconnect between Bitcoin’s market performance and broader crypto hiring trends.
They said that while the potential for regulatory changes under the Trump administration raises optimism, this has not yet translated into a meaningful increase in labor demand in the industry.
Barclays’ findings suggest that despite Bitcoin’s recent rally, the crypto industry hiring recovery may lag other indicators of market enthusiasm.
