Investing.com – The high price of bitcoin has led to more than $ 100,000 to increase speculation about renewed interest in encrypted currencies, however Barclays (LON 🙂 Analysts note that the recruitment scene in the encrypted currency sector is still weak.
In its latest report, Barclays Bank examined whether the last rise in prices, which is partially attributed to the Trump administration's friendly currency administration, has led to an increase in job advertisements related to encrypted currencies.
Using Lightcast data, analysts tracked functionality lists that contain major words such as “Crusher”, “Bitcoin”, “Ethereum”, “Metaavirus”, “Web3” and “Blockchain”.
The results reveal that the functionality ads related to encrypted currencies reached its climax in late 2021 and early 2022, with web 3 roles reaching the highest levels later in 2022.
Since then, the bank has said that the employment activity has been declining steadily.
“Although the price of bitcoin has responded to the Trump administration, which may be friendly currencies, the employment did not do it,” analysts wrote.
Among the keywords that follow, Blockchain's job ads remain the most prevalent, until 2024.
However, at its index against the levels of January 2022, Barclays stated that the data shows that all categories of encrypted currencies are noticeably low.
The report highlights the separation between the performance of the bitcoin market and the wider employment trends in the field of encrypted currencies.
They explained that although the possibilities of organizational transformations under the Trump administration may generate optimism, it has not yet been translated into a noticeable increase in demand for the workforce within the sector.
The results of Barclays indicate that despite the last height of Bitcoin, the recovery of employment in the encrypted currency industry may fail to other indicators of the market Hamas.
