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Global investment bank Goldman Sachs predicts that the Metaverse could be an $8 trillion opportunity. Several others have similarly predicted that the metaverse is a trillion-dollar market.
Goldman Sachs Says Metaverse Could Be an $8 Trillion Opportunity
Global investment bank Goldman Sachs predicts that the Metaverse could be an $8 trillion opportunity. Goldman Sachs analyst Eric Sheridan explained the bank’s Metaverse forecast in a recent episode of “Goldman Sachs Exchange” titled “Understanding Metaverse and Web 3.0.”
He was asked about the evolution of the future metaverse and how big the potential opportunities are. Analyst reply:
We think this could be an up to $8 trillion opportunity in terms of revenue and monetization.
“We look at the digital economy today, it’s about 20%, 25% of the global economy … we see the digital economy continue to grow, and most importantly, we see that the virtual economy will be inside that number and alongside the growth economy,” the analyst said.
“That’s how we come up with numbers for various outcomes, ranging from $2 trillion to $12 trillion, with $8 trillion at the midpoint of all potential outcomes,” he clarified.
Several people have estimated the potential size of the metaverse. Rival investment bank Morgan Stanley similarly predicted last November that the Metaverse was an $8 trillion market opportunity.
In December, Haim Israel, a strategist at Bank of America, said that Metaverse is a huge opportunity and that cryptocurrencies will be widely used as money. “I absolutely believe this is a huge, huge opportunity,” he stressed.
Meanwhile, Cathie Wood, CEO of Ark Investment Management, said that Metaverse will be an multi-trillion dollar marketcrypto asset manager Grayscale Investments said Metaverse is a potential $1 trillion business opportunities.
Do you agree with Goldman Sachs on the metaverse? Let us know in the comments section below.
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