Goldman Sachs sees the Metaverse as an $8 trillion opportunity – Metaverse

Global investment bank Goldman Sachs has predicted that the Metaverse could be an $8 trillion opportunity. Several others have similarly predicted that the metaverse is a multi-trillion dollar market.

Goldman Sachs says the Metaverse could be an $8 trillion opportunity

Global investment bank Goldman Sachs has predicted that the Metaverse could be an $8 trillion opportunity. Goldman Sachs analyst Eric Sheridan explained the bank's Metaverse forecast in a recent "Exchanges at Goldman Sachs" episode titled "Understanding the Metaverse and Web 3.0."

He was asked about the upcoming evolution of the metaverse and how big the potential opportunity could be. The analyst replied:

We believe this could be an opportunity of up to $8 trillion on the revenue and monetization side.

“We're looking at the digital economy today, which is about 20%, 25% of the global economy... We see the digital economy continuing to grow, and beyond that, we see a virtual economy that will grow within and alongside that digital economy,” the analyst described.

“So we came up with the number for various outcomes ranging from $2 trillion to $12 trillion, with $8 trillion in the middle of all potential outcomes,” he explained.

Several people have estimated the potential size of the metaverse. Rival investment bank Morgan Stanley similarly predicted in November last year that the metaverse represented an $8 trillion market opportunity.

In December, Bank of America strategist Haim Israel said that the metaverse is a huge opportunity where cryptocurrencies are widely used as currencies. “I definitely think this is a huge, huge opportunity “, he emphasized.

Meanwhile, Ark Investment Management CEO Cathie Wood said the Metaverse is a Multi-trillion dollar market, and crypto asset manager Grayscale Investments said the metaverse is a potential 1 trillion dollars Business opportunity.

Do you agree with Goldman Sachs about the metaverse? Let us know in the comments section below.

Kevin Helms

As a student of Austrian economics, Kevin discovered Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open source systems, network effects, and the interface between economics and cryptography.

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