Goldman Sachs global investment bank has forecast that the metaverse will be a $8 trillion business opportunity. Many others also predicted the metaverse to be a multitrillion dollar market.
Goldman Sachs says the Metaverse could be an $8 Trillion opportunity
Goldman Sachs is predicting that $8 trillion could be made in the metaverse. Goldman Sachs’ analyst Eric Sheridan explained the bank’s metaverse prediction in a recent “Exchanges at Goldman Sachs” episode, titled “Understanding the metaverse and web 3.0.”
When asked questions about the future evolution of metaverse and the possibility for huge opportunities, he replied: He replied, “
On the revenue and monetization sides, we believe this to be as large as $8 trillion.
“We look at the digital economy today, which is roughly about 20%, 25% of the global economy … We see the digital economy continuing to grow, and on top of that we see a virtual economy that will grow within and alongside this digital economy,” the analyst described.
“That’s how we came up with the number for various outcomes of anywhere from $2 trillion to $12 trillion, with $8 trillion at the midpoint of all potential outcomes,” he clarified.
Many people have calculated the size potential of the metaverse. Morgan Stanley Investment Bank, another rival bank, predicted last November that there would be an $8 trillion market for the metaverse.
In December, Bank of America’s strategist, Haim Israel, said that the metaverse is a massive opportunity where cryptocurrencies will be widely used as currencies. “I definitely believe this is a massive, massive opportunity,” he stressed.
Cathie Wood (CEO of Ark Investment Management) said that the metaverse market will grow to be multitrillions in value, while Grayscale Investments crypto-asset manager said that the metaverse represents a potentially $1 trillion-dollar business opportunity.
Are you in agreement with Goldman Sachs regarding the metaverse concept? Leave a comment below.
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