Crypto▲ Bullish
Crypto Industry's $55B Economic Output Supports 232,000 US Jobs: Report
The National Cryptocurrency Association says the sector generates $55 billion in economic output and 232,000 jobs, with average pay of $133,000.
Continue with
Crypto businesses and their broader economic ripple effects will generate $55 billion in total output this year and sustain 232,000 jobs across the United States, according to a report from the National Cryptocurrency Association.
Direct employment at crypto companies totals 34,000 positions, the NCA said. Those jobs pay an average of $133,000 a year, more than double the national median wage of $64,000. The report uses input-output modeling from the Bureau of Economic Analysis and Bureau of Labor Statistics.
The sector directly employs more people than coffee and tea manufacturing, aerospace and robotics, or cement manufacturing, the NCA said.