Goldman Sachs predicts that the metaverse could become an $8 trillion opportunity, shows analyst Eric Sheridan in a recent “Exchanges at Goldman Sachs” episode, titled “Understanding the metaverse and web 3.0.”
When asked about how will the metaverse evolve and what opportunities lie ahead, the Goldman Sachs employee said:
“We think this could be as much as an $8 trillion opportunity on the revenue and monetization side. 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.”
He further added:
“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.”
Back in November, Morgan Stanley bank also predicted that the metaverse represents an $8 trillion market opportunity.
Cathie Wood, the CEO of Ark Investment Management, made a small prediction, of just $1 trillion in business opportunity.