If you have the right skills, finding a job in the surging cryptocurrency field may be as easy as ordering a McDonald’s Big Mac from a drive-thru.
But that doesn’t mean you should jump on any opportunity. With the crypto job shortage continuing as investment banks such as J.P. Morgan and other players outside of financial services seek out key talent, job seekers are in the driver’s seat right now.
Neil Dundon, founder of Crypto Recruit (which provides job placement services for the crypto industry, as the name would suggest), said one part of the market is looking especially opportunistic from where Dundon sits.
There’s a huge amount of incoming requests for solidity developers, Dundon told Yahoo Finance Live. A solidity developer uses the object-oriented solidity coding language to build and unleash smart contracts on ethereum-centric applications, according to the Blockchain Council.
“We have not recruited anything less than $100,000. But typically, even a year ago you might find some of these solidity developers would have been looking for $100,000. Right now, they are probably looking for $180,000 to $200,000,” said Dundon, who has never been busier. “If you want to make some money as a developer, learn how to code. We are talking anything rom $150,000 to $250,000 for one of those developers at the moment.”
The strength in crypto hiring runs counter to concerns about the crypto winter continuing for the foreseeable future. From the record highs of more than $63,000 in mid-April, bitcoin has shed about 50% (including a trip below the $30,000 level a week ago). Major sell-offs have spread to other top cryptos such as dogecoin and ethereum.
Dundon said he isn’t surprised, however, that the appetite to hire in the crypto field has remained strong.
“The market was quite different [in 2017]. There was a lot of opportunists there, and I think it’s well-documented a lot of scams. There are still scams at the moment, but I think the building blocks and the fundamentals of crypto are a lot different now than they were three years ago,” Dundon said. “These are just software projects. It’s just another element of the economy. And it’s going to be interesting to see how it plays out. But it’s just another sector of the economy, and it’s performing well.”
Brian Sozzi is an editor-at-large and anchor at Yahoo Finance. Follow Sozzi on Twitter @BrianSozzi and on LinkedIn.
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