Bitcoin is the pioneer cryptocurrency that uses cryptography, a secret code, for security purposes. Since it’s a virtual currency, Bitcoin doesn’t have any central bank or government backing because it is intangible. Instead, a decentralized public ledger or blockchain enables users to track, buy, and sell it. This cryptocurrency is the most used today.
Over the years, other cryptocurrencies have emerged. For instance, the Chinese government launched a cryptocurrency recently. The citizens of this country can now purchase and sell a government-issued cryptocurrency like the News Spy system . At the same time, El Salvador has made Bitcoin a legal tender. And this shows that cryptocurrencies are becoming increasingly popular globally despite their slow start because of skeptics.
Today, Bitcoin is prevalent in many financial fields, thereby providing opportunities for those interested or already having finance careers in the sector. Here are some of the career paths to consider in the Bitcoin industry.
Accountant
Managing Bitcoin investments for individuals is an increasingly essential skill in the current world. Therefore, solid Bitcoin understanding is a vital skill for an accountant. Ideally, an accountant with crypto knowledge can expand their career perspective and excel in the sector. Experts project that this field will grow by 7% by 2030.
Financial Analyst
Becoming a financial analyst and then specializing in Bitcoin can lead to several crypto-focused advancements and positions in the financial sector. Thus, you can study to be a financial manager or a chief crypto advisor with this skill. Business and economics studies can help anyone intending to venture into the crypto investment world. And financial analyst jobs in the cryptocurrency industry are likely to be reasonably stable, with experts projecting the average growth to be up to 6% by 2030.
Investment Analyst
An investment analyst focusing on Bitcoin can become a portfolio manager. Bitcoin is a highly speculative investment, meaning its risk is high. Therefore, new and existing crypto investors require guidance to manage their portfolios. Thus, investment analyst jobs in the cryptocurrency sector are likely to increase going forward.
Compliance Analyst
Bitcoin’s regulations are constantly evolving. Some people don’t even know how to pay taxes when trading Bitcoin. Becoming a compliance analyst specializing in crypto can be a lucrative career now and in the future. That’s because individuals and companies require a compliance analyst to adhere to the current and ever-changing regulations that affect crypto investment.
Artificial Intelligence Engineer
An AI engineer programs and develops algorithms that make up artificial intelligence. Thus, an artificial intelligence engineer plays a crucial role in developing crypto trading bots. What’s more, they help enhance cybersecurity to safeguard crypto exchanges.
AI engineers also analyze the crypto industry technology to help investors troubleshoot Bitcoin’s AI technology issues and decisions. But taking this career path requires programming language knowledge, such as robotics, Python, and developing AI.
Software Engineer
The roles of software engineers include improving, maintaining, and building applications for processing cryptocurrency transactions. They can also develop products in this new technology sector. Venturing into this career requires a bachelor’s degree in software engineering, computer science, or any other related field. Also, experience with programming, scripting languages, and protocol design can help.
Online Payment Manager
More companies are adopting Bitcoin as one of their accepted payment methods. Therefore, these firms require experts that know ways to manage this and other crypto payments. An online payment manager with Bitcoin knowledge can be a vital asset to a company that takes digital payments.
Final Thoughts
Bitcoin doesn’t seem like it will go anywhere soon, and more jobs are emerging in the cryptocurrency industry. Innovative individuals are rushing to acquire vital skills before venturing into this sector. Thus, you can land a decent job in the crypto industry, depending on your skills, education, and experience.