HomeJob Search ThreadsSaved JobsExploreSettings
Share With FriendsHelp Center

Sign up or log in

Jump start your job search today.

Sign upLog in
Sign up
See all posts
Published on December 4, 2023

Bitcoin vs. Gold - Which Field Is Better To Have a Job In?

web3
hiring
news
laceykaelani

Lacey Kaelani

@laceykaelani

f4618c3a-a111-4f96-8482-97b205172e95.png header image
No alt text provided
Watch on YouTube
No alt text providedNo alt text provided

Share Article With Friends

Recommended for You

TokenBuilder Envisions a Transparent Future in AI and Fair Token Offerings for 2025

TokenBuilder unveils its 2025 forecast on AI integration and fair token offerings, shaping the future of tech investments.

Redefining Talent Acquisition: Arctic Wolf's Skills-First Approach in Cybersecurity

Discover how Arctic Wolf partners with Immersive Labs to champion a skills-first hiring approach in the cybersecurity space.

Qualcomm Jumps into the PC Market: A Bold Hiring Strategy

Qualcomm is on a hiring spree to bolster its presence in the PC market, aiming to challenge giants like Intel and AMD. Here’s what you need to know.

Bitcoin and gold made market chatter today with news of rallying at the end of the earnings season. Bitcoin rose over $41,000 and gold topped $2,050.

As these two assets continue to make waves on Wall Street, a compelling question arises: Which field, Bitcoin (crypto) or gold, offers more promising career prospects?

To delve into this comparison, let's examine the pros and cons of working in each industry, analyze salary and benefits packages, and explore the current market trends.

(BTC vs. Gold - Source: Trading View)

Pros of Working in the Bitcoin Industry:

  • High Salaries: Crypto companies are often willing to pay top dollar for talented individuals, recognizing the scarcity of expertise.
  • Opportunity to Be Part of a Transformational Technology: Crypto (or zooming out to be more macro) holds the potential to revolutionize the financial system, and working in this industry provides the chance to be at the forefront of innovation.

If you're curious about the types of jobs you can get in the web3 industry, checkout this video:

Benefits Comparison: Bitcoin vs. Gold

Both web3 and gold companies typically offer similar benefits packages to their employees, including health insurance, dental insurance, vision insurance, and paid time off.

However, in web3, you'll generally see benefits around:

  • ➝ Health, dental, vision, and pet insurance
  • ➝ Token sharing
  • ➝ Commuter allowance
  • ➝ Gym & wellness memberships
  • ➝ Access to whitelist
  • ➝ Charity/web3 grant contributions to a project of your choice
  • ➝ 4 day work weeks 😎
  • ➝ Web3 learning & development stipend
  • ➝ Option to get paid in crypto
  • ➝ 401(k) (this was common with the big web3 companies) & matching employer contributions
  • ➝ PTO
  • ➝ Paid parental leave
  • ➝ Employee referral program (web3 talent can be hard to attract!)
  • ➝ Remote work
  • ➝ Company retreats
  • ➝ Unlimited bereavement (two weeks pay, unlimited unpaid after that)
  • ➝ Tax help for employees getting paid in crypto for the first time
  • ➝ Free NFTs

The decision of whether to pursue a career in the Bitcoin industry or the gold industry is a personal one, influenced by individual preferences, risk tolerance, and career aspirations. Both industries offer unique opportunities and challenges, and the best choice depends on aligning one's skills, interests, and long-term goals with the characteristics of each sector.

Happy job hunting, friends.

Sources:

  • Glassdoor: https://www.glassdoor.com/Salaries/software-engineer-blockchain-salary-SRCH_KO0,28.htm
  • LinkedIn: https://www.linkedin.com/
  • Indeed: https://www.indeed.com/

Cons of Working in the Bitcoin/Web3 Industry:

  • High Risk: The industry is still relatively new and unregulated, making it susceptible to market fluctuations and potential risks.
  • Lack of Job Security: The volatility of the market can lead to fluctuations in employment opportunities. For instance, dozens of layoffs have happened during the bear market which has caused companies to shut down or restructure.

Pros of Working in the Gold Industry:

  • Stable and Well-Regulated Industry: The gold industry benefits from established regulations and a stable market environment.
  • Good Job Security: The gold industry's stability translates into relatively secure employment opportunities.

Cons of Working in the Gold Industry:

  • Lower Salaries: Salaries in the gold industry tend to be lower compared to those in web3.
  • Less Exciting Work Environment: The gold industry's traditional nature may not appeal to those seeking a dynamic and fast-paced work environment.

Salary Comparison: Bitcoin vs. Gold

According to Glassdoor, the average annual salary for a web3 software engineer is $125,000, while the average salary for a gold analyst is $85,000. In fact, in crypto bull runs, you'll often see headlines like this: