Bitcoin Prices Drop, Unemployment Increases

Many employees choose to leave the company where they work to try their luck and explore opportunities in the digital currency industry.

the increase in Bitcoin prices throughout the year created optimism among business people, that Bitcoin will become the future currency. Two futures exchanges launch Bitcoin products.

But now the condition is reversed. This year the trend in the price of Bitcoin has declined. The lowest Bitcoin price this year is around US $ 3,300 per coin that occurred at the beginning of December 2018 or fell 83% from the highest price. Other digital currencies also suffered the same fate that made investors' confidence fade a lot.
Exclusive data provided by AngelList Talent for CNBC International shows that in 2017 there is an increase in job postings occurring in large numbers of digital coins in 2017 and early 2018. After that the number of posts has dropped.

Based on the AngelList A-List platform to measure interest in blockchain work, it shows that around 40% of job seekers choose the blockchain as one of the most sought after industries in 2017. At present only 20% of job seekers make the blockchain the most desirable industry to work for.

"Many companies in the cryptocurrency industry are aggressively recruiting employees in 2017 and early 2018. This is the reason why the company is now making rational decisions (laying off)," said Michael Moro, CEO of Genesis Global Trading, quoted from CNBC International on Wednesday (19 / 12/2018).