Blockchain Jobs Upsurge Amidst Global Recession

In a worried attempt to rejuvenate the world economy, trillions of dollars have been inoculated into the worldwide markets. Lately, the United States alone touched its peak unemployment rate in history.

On the other hand, one of the prime Bitcoin exchanges in the United States, Kraken is looking to expand its workforce by around ten percent, regardless of the fresh plunge in cryptocurrency prices, as per a Forbes report on March 26.

In addition to that, job posting website Indeed.com presented around one hundred and fourteen per million blockchain-focused jobs last December. Interestingly, it’s the time right before the first Covid-19 case was officially reported. That number had expanded by three percent to around one hundred and eighteen per million, by the month of February this year.

Blockchain domain professionals are bullish towards the cryptocurrency and digital asset market. The founder of BTC mining giant Bitmain, Jihan Wu recently gave an interview at a Chinese blockchain media event. He emphasized his sustained confidence for a cryptocurrency market bull run over the coming years.

He explained,

“There are two reasons: first, from China and its neighboring countries experiences, coronavirus can be obtained and taken under control in about 2 months. Secondly, countries around the world are adopting great quantitative easing monetary policies.”