If you want a job in the crypto industry, now is not a great time to look. A new report from the Brookings Institution found that after a monstrous 2021 and early 2022, open positions at crypto companies in the U.S. have fallen in droves, with major cities seeing a drop as high as 80%.
The crypto industry has long been defined by extreme boom-and-bust cycles, but the past few years have proven particularly dramatic, with Bitcoin rising to nearly $70,000 in November 2021 before the sector saw a calamitous decline thanks to the collapse of high-profile projects like FTX and ensuing enforcement actions from government agencies.
