Financial Opportunities In The World of Cryptocurrency
Category : Finance
Cryptocurrency has drawn more traders and investors to the crypto market especially when Bitcoin reached its highest value of almost $20,000 in 2017. For a favorable trade or exchange, crypto signals are utilized by traders for trade suggestions or ideas to buy or sell a certain cryptocurrency at a particular rate and time, which are sent to the trader in real time.
What Are Cryptocurrencies?
Although it has already been out for almost a decade, many are still trying to understand what cryptocurrencies are and how they work. Cryptocurrencies are virtual money or digital currency that utilizes cryptography, or secret code, for protection and security. However, not like fiat currency, they are neither backed by the bank nor the government. They are instead tracked as well as traded on the blockchain, a public digital ledger that is decentralized.
For individuals who are familiar with cryptocurrency and already have a good grasp of how they work, they engage in crypto trading and investing as they know and have seen the potentials for profits that cryptocurrencies have to offer.
However, trading and investing in cryptocurrency aren’t the only things that you could do if you would want to get into the world of cryptocurrency as there are other opportunities for you to earn even without trading or investing.
Career Opportunities in the World of Cryptocurrency
As per latest analysis by Monster, the crypto job market is increasing. Below are a few job listings which involves cryptocurrency:
Business Dev Rep
Like other growing markets, cryptocurrency is generating new opportunities for business throughout numerous industries, such as finance, health care, and real estate, hence there’s a necessity for individuals to pursue them to advocate product partnerships. Aside from a comprehensive knowledge of the objective of crypto application/product of the company, representatives must have some experience on sales as well as superb communication skills. Business dev representatives could make about $45,619 annually.
Many companies as well as with private investors are considering to invest in crypto. A financial analyst’s job entails giving investment recommendations, working up investment strategies, assessing risks, as well as maintaining portfolios of investments. In general, financial analysts have a bachelor’s degree and a license, typically from the Financial Industry Regulatory Authority (FINRA). As an analyst, one must be capable of understanding existing and new policies, regulations, political conditions, and economic trends that might affect investments. Financial analysts make about $81,760 annually.
Companies creating new kinds of cryptocurrency frequently compose a technical white paper to entice investors. Whitepapers are normally 20–50 pages that describe the progress and marketing idea of technology of the company. Technical and content writers working in the field of cryptocurrency must at least have an understanding of the workings of the blockchain technology, swaying writing skills, and a well-founded knowledge of spelling and grammar. Technical writers could make $69,850 annually.
Below are more jobs in the crypto field with an approximated annual income:
- Journalist – $38,870
- Research analyst- $62,560
- Web developer- $66,130
- Security architect-$92,600
- Data scientist – $111,840
- Machine learning engineer- $112,421
- Marketing manager- $127,560