Are crypto jobs doomed during bear markets? 🧐 According to K33’s findings, that’s not really the case.
Although crypto-focused employees have reduced by around 11% since 2021, the number of crypto professionals is still significantly higher than four years ago. This increase appears to track the dynamics of Bitcoin’s price, whichmore than 300% from its average annual price of around $7,200 in 2019, according to CoinGecko.
“Bear markets reinforce the importance of securing the right talent to scale your operation. Disrupting the foundations of traditional finance isn’t easy,” Anthapur noted. He added that Kraken’s approach to staff retention remains “consistent between bear and bull cycles.” “More importantly, we are focused on building and retaining talent for the long term,” Zak noted. He added that Trezor has been moving to retain and improve talent even in bear markets, as opposed to cyclical hiring and firing based on “short-term market frenzies.” He stated:
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