The number of cryptocurrency-related employees has surged nearly 160 percent since 2019, according to findings from cryptocurrency research startup K33.
In a report titled “The Emerging Cryptocurrency Industry,” K33 estimates that the total number of people working in cryptocurrencies will be close to 190,000 by 2023.
The report also suggests that the number of such professionals was only around 73,000 in 2019. Although the number of cryptocurrency-focused employees has decreased by about 11% since 2021, the number of cryptocurrency professionals is still significantly higher than four years ago.
The increase appears to be in line with the dynamics of bitcoin’s price, which has surged more than 300% from its annual average of around $7,200 in 2019, according to CoinGecko.