Crypto job ads have doubled since start of 2018

The number of cryptocurrency-related job adverts posted by start-ups have doubled since the start of the year, AngelList has revealed.

The jobseekers resource announced this in its weekly newsletter, which was headlined rather inflammatorially “Bitcoin is not) dead”.

The number of ads reportedly hit over 1,000 in February as Bitcoin value sunk to below $7,000 and, despite Bitcoin reaching its peak value of $20,000 back in December, jobs then on the site only amounted to around 500.

AngelList explains this massive increase by saying simply “start-ups aren’t watching the markets,” and also notes that Initial Coin Offerings and crypto hedge funds are increasing in popularity.

According to the firm, cryptocurrency hedge funds are set to take the place of traditional venture capital investors as the new model takes hold, citing MetaStable Capital, Polychain Capital and Coinbase as examples.