As Bitcoin inspired startup funding surges, with over $3 Billion already poured in various programmes, expats with blockchain development skills are letting the good times roll.
While there’s much debate about whether investing in Bitcoin at the moment is an act of wise future planning or reckless insanity, IT developers with cryptocurrency skills look set to reap the rewards of the great virtual currency rush.
Business Insider report that ICO (Initial Coin Offering) fever has pushed salaries for Blockchain developers in Switzerland to over £130,000 a year.
Switzerland is fast becoming a top destination for blockchain companies and not just because the founders love big mountains and après-ski. Unlike other more stuffy national regulators, Switzerland’s regulators are taking a very permissive approach to ICOs.
China has gone so far as to ban ICOs and UK regulator the Financial Conduct Authority (FCA) has attempted to dampen enthusiasm for ICOs with a very strongly worded warning.
Switzerland has set course to become a primary hub for this new investment type.
The FCA’s warning doesn’t seem to have resulted in any less demand for skilled blockchain developers in the capital.
“You should only invest in an ICO project if you are an experienced investor, confident in the quality of the ICO project itself (e.g. business plan, technology, people involved) and prepared to lose your entire stake.”
Internet job site Jobserve are currently advertising permanent Blockchain Developer positions offering up to £150,000 per year and contractor positions paying up to £700 per day.