RATE Group | Bitcoin price may be down 40% this year but crypto developers are still fetching $1 million bonuses
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Bitcoin price may be down 40% this year but crypto developers are still fetching $1 million bonuses

23 May Bitcoin price may be down 40% this year but crypto developers are still fetching $1 million bonuses

Posted at 00:50h in Bitcoin News by

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Bitcoin may be down close to 40% since the beginning of the year, but that doesn’t mean developers with expertise in the technology powering the crypto aren’t making money hand-over-fist.

A Wall Street Journal report found that companies are willing to pay a lot to lure crypto talent. Some are even offering new hires $1 million dollar signing bonuses, according to Dave Schwartz, the chief cryptographer at Ripple, who told The Journal pay packages “have gotten insane.”

Juha Mikkola, co-founder of Wyncode Academy, a coding school, told Business Insider he knows of developers being paid double the going-rate for their blockchain experience.

“It’s not just tech companies that need this talent, it’s real-estate, non-profits, and banks,” Mikkola said in an interview.

The number of blockchain or cryptocurrency job postings on LinkedIn increased at least fourfold in 2017, Bloomberg News noted. Still such talent is in short supply, according to Miha Grcar, the head of business…

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