More traditional finance professionals shifting to crypto as sector grows up

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Many people have left traditional finance careers in recent months to join the growing field of digital finance as funding and activity in the space, boosted by a spike in cryptocurrency prices during the pandemic, continues to ramp up.

Cryptocurrency investor Jillian Friedman is seen in her office Wednesday, April 27, 2022 in Montreal.THE CANADIAN PRESS/Ryan RemiorzJillian Friedman was first drawn to the cryptocurrency world a decade ago by the idea of building a new, open-sourced financial system, but the shaky structures and lack of diversity in the early days pushed her into a traditional banking career instead.

Data from LinkedIn released in mid-April found that, in the U.S. at least, net crypto hires were up 73 per cent last year from the year before, while net hires in traditional finance industries declined by one per cent over the same period. The momentum in crypto is similar to past waves of interest in alternative sectors such as cannabis, private capital, and the early days of the internet, he said.

"There's actually some similarities in terms of the level of rigour, professionalism, and standards that you would expect at other regulated financial institutions," she said. "Two years ago, I would reach out to somebody and they would say my wife will kill me, are you kidding me, like there's no way ... today, it's totally different."

 

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Boris Johnson 'bodies pile high' and his other contributions would be advised they're very behind. Do they have bunkers?

There's no such thing a 'finance professional' that isn't actually a criminal! If finance professionals were growing up (stuck on stupid) than Canada would pay Russia about $400B and other countries that have been a nuisance (Italy) Germany and Poland (too late) grand tally $1T!

Says the people who brought you the greatest debt in Canadian history...

Red flags when walk street and banks push crypto

Or maybe totalitarian government imposed bank account suspensions have something to do with that.

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