Kaizen Advent №11. Crypto Career: Analysts

Kaizen.Finance
3 min readDec 20, 2022

Crypto has been around for a decade now and while that may sound like a lot, in fact, it is just the beginning. Its popularity among individuals and businesses alike has grown immensely within the last few years, and yet not many people really know what they are doing.

That is where cryptocurrency analysts come to the rescue.

Who is a cryptocurrency analyst?

A cryptocurrency analyst is a professional who analyzes crypto markets, evaluates crypto projects, and monitors industry trends and developments. Ultimately, their goal is to recommend investment opportunities and inform strategic calls within the company.

Crypto analysts retrieve, organize and analyze relevant data, which they often then present and explain. In other words, analysts help make informed decisions.

It is hard to overstate the colossal responsibility and pressure that come with the job as well as the amount of soft and hard skills that are needed to succeed in the field. On the flip side, the demand for professional analysts is cosmic.

What career options does a crypto analyst have?

As a cryptocurrency analyst the skills and knowledge you possess can be effectively applied in a number of different ways.

Crypto analyst. This career involves exactly what we talked about — finding and recommending investment opportunities. Crypto analysts work for investment funds, consulting firms, or privately starting their own investment groups, selling courses, calls, etc.

Technology development/business analyst. Such analysts usually work for investment funds and startups, helping them define the direction of their business, formulate requirements and inform strategies for new crypto products and services.

Marketing/Product data analyst. As a marketing analyst you will find yourself working on the side of a crypto project, analyzing the product, its characteristics, and helping the team retrieve, organize and analyze product data. Company’s token is the one you will be concerned with the most and you can expect the information surrounding its supply and demand to be the focus of your work.

What do you need to become a crypto analyst?

When searching for a job, you will quickly discover that most employers that offer a cryptocurrency analyst position expect a relevant degree in finance or business. A degree in the field of blockchain technology or cryptocurrency has only started appearing recently, so, naturally, it has not become a requirement yet.

A relevant degree is great to have, but a relevant experience is traditional finance, investments, and even marketing paired with knowledge of blockchain is arguably even better. So put your best foot forward.

If you are self-taught, that does not mean you don’t have a shot. As mentioned, the demand for keen professionals is huge and if you manage to prove your skill, then you will most definitely be in contention for the position.

For those who are just looking to get started, you can consider committing to a short course to wet your feet and see if this is for you. Renowned universities such as MIT have begun to offer relevant courses such as this one:

https://www.getsmarter.com/products/mit-media-lab-cryptocurrency-online-short-course

And if you are not prepared financially, then free options are out there too: https://alison.com/course/introduction-to-data-analysis

How much does a cryptocurrency analyst earn?

The short answer is, it depends. Depends how good you are as an analyst and how risk tolerant you are to take your own investment advice. You would also need some starting capital. But as with many things, it is not that simple with analysts.

At the time of writing, crypto is going through a so-called ‘winter’ season. Most people who are starting their career in crypto at this time are looking for a sense of security and working for an employer that offers stable income could be just that.

When working for a company, you will often have recruiters answering this question with the range of $48k-$200k of annual income on average.

In conclusion, analytics and crypto go hand in hand, so if that is something you are passionate about it is definitely worth exploring. If, however, you prefer data to something more creative, then we have covered writer, design, and even influencer careers in our recent posts.

For more ideas on crypto income during a bear market, follow Kaizen on social media or look for our articles via the #kaizenadvent hashtag:

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Kaizen.Finance

Kaizen is a first-ever Token Lifecycle Management cross-chain platform for both projects and investors