San Francisco Sees Tech Leave And Crypto Enter

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Last Updated on 11 November 2021 by CryptoTips.eu

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / jeroen@cryptotips.eu
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If you’re going to San Francisco, be sure to wear well, I’m sorry Scott Mackenzie but apparently no longer flowers in your hair but some crypto coins in your pocket.

According to a study Bloomberg did for LinkedIn, San Francisco is the newest hype city for all things crypto. The Bay Area may have seen tech companies leave for tax haven Texas (they still can’t get over the fact that Tesla left them), that doesn’t mean they are taking this in their stride.

The empty office space is apparently being occupied by crypto companies instead.

Advertentie.

Metropolitan area

Adjusting for population and city size, the data points show that the San Francisco Bay area is the new crypto center in the US, employing the biggest number of crypto workers this year. Firms in the city made four crypto hires per 100,000 LinkedIn members living in the metropolitan area, according to the analysis published on Bloomberg.

Funnily enough, just a week ago, the mayors of New York (who wants crypto taught in schools) and Miami were battling for the title of crypto capital of the US, but it now appears that San Francisco (California) and Austin (Texas) are hiring more people (as per their population size) than they both do.

With Bitcoin trading above $60,000 and interest in crypto at an all-time-high, I’m sure we’ll see a lot more financial firms hire blockchain specialists in the next few weeks and months.