New study reveals which US cities will lead the cryptocurrency retirement in 2021

Metropolitan cities spearheaded cryptocurrency phasing out in the United States in 2021. but the jobs in this area are spread all over the countryas can be seen from LinkedIn data.

A new study by LinkedIn for Bloomberg shows that there is not a single hub for crypto or blockchain specialists in the US. A search of LinkedIn members in the US who published a new job title in the first nine months of the year that matched the keywords crypto, blockchain, Bitcoin, Ethereum or Solidity, found that around 53% of crypto jobs were via the whole country are scattered in little chunks.

With cryptocurrencies and blockchain at the intersection of finance and technology, traditional New York financial center and San Francisco technology center lead the way. In third place is Los Angeles, followed by Miami and Chicago.

New study reveals which US cities will lead the cryptocurrency retirement in 2021
New study reveals which US cities will lead the cryptocurrency retirement in 2021

Diogo Monica, Co-founder of crypto services company Anchorage Digital, emphasized that decentralized organizational structures drive a remote workforce, especially at cryptocurrency companies. “That means cities and states with lower taxes, great infrastructure, and quick access to an international airport can benefit from full remote work.”he added.

Adjusted for population size, the effects of the cryptocurrency industry on medium-sized metropolitan areas become more apparent: Out of 100,000 LinkedIn members, at least two people have been hired for such cryptocurrency jobs in Austin, Denver, Raleigh, and Salt Lake City.. For example, New York leads the hiring process with a market share of 18.3% but hires an average of 2.8 people per 100,000 LinkedIn members, while Austin, Texas, hired three people in the same range, despite the city hiring 2 % Share.

American cities are also doing their best to attract the crypto industry. New York City Mayor Eric Adams announced his plans to make the city the center of the cryptocurrency industry. He also followed the lead of Miami Mayor Francis Su¡rez, stating that he would accept his first three paychecks in Bitcoin (BTC).

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