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Optimisim in Cryptocurrency and Bitcoin wans, Blockchain remains strong

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Jobs and careers backed by cryptocurrency and ancillaries, which were on a steady rise in the boom times of 2017 seem to have slumped and even retarded. The lack of all-time price highs in 2018 have not only driven out speculators with low risk tolerance but also those who were eyeing for a career in digital currencies.

Jobs and careers backed by cryptocurrency and ancillaries, which were on a steady rise in the boom times of 2017 seem to have slumped and even retarded. The lack of all-time price highs in 2018 have not only driven out speculators with low risk tolerance but also those who were eyeing for a career in digital currencies.

The data suggests a peak at 39 searches per million with the keyword “bitcoin” in the week that ended December 14. And also the keyword “cryptocurrency” peaked at 46 searches per million in the same week. However, post this, this trend began to taper off and fall. The searches for both the terms bitcoin and cryptocurrency has seen a downward slump of 76% and 41% respectively.

And the similar trend is seen when we look at the web traffic at source points on cryptocurrency exchanges, google search traffic and towards brokers who offer bitcoin CFDs.

As the interest and optimism behind bitcoin and cryptocurrency lags off, the same for “blockchain” remains relatively strong. In terms of searches and interest. Though it is not at its peak as on late-February, but is more or less unchanged at 47 searches per million, during the January to March period. Andrew Flowers, an Economist at the Indeed Hiring Lab, speculated that: “The sustained interest in blockchain jobs is perhaps a sign that job seekers believe non-financial companies will pursue blockchain applications, even if financial companies see cryptocurrencies as a fad. Rightly or wrongly, blockchain is seen by job seekers as a viable innovation whether or not bitcoin and other cryptocurrencies are.”

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