Total Views: 45
Goldman Sachs, the global investment bank, has forecast that the metaverse might represent a $8 trillion potential. Others have claimed that the metaverse will be a multi-trillion dollar market.
According to Goldman Sachs, the metaverse might represent a $8 trillion potential. Similarly, Morgan Stanley predicted the same figure in November of last year.
Goldman Sachs, a global investment bank, has forecast that the metaverse might represent a $8 trillion potential. In a recent episode of “Exchanges at Goldman Sachs,” titled “Understanding the Web 3.0,” Eric Sheridan, an analyst at Goldman Sachs, explained the bank’s prognosis about the metaverse.
“A $8 trillion opportunity”.
Furthermore, he got several questions on the future evolution of the metaverse and the enormity of the possible opportunity. The analyst responded, saying; “In terms of revenue and monetization, we believe it might be a $8 trillion opportunity.”
“We look at the digital economy today, which accounts for approximately 20 to 25% of the global economy…. We see the digital economy expanding further, and we also see a virtual economy expanding within and alongside the digital economy “the expert explained.
Moreover, he stressed: “That’s how we came up with values ranging from $2 trillion to $12 trillion, with $8 trillion serving as the middle of all possible results,”.
The possible size of the metaverse has been estimated by several firms. Morgan Stanley, a competitor investment bank, forecast in November last year that it offered a $8 trillion market opportunity.
Bank of America strategist Haim Israel stated in December that the metaverse is a tremendous opportunity where crypto-currencies would be widely used as currency. “I’m confident that this is a big, massive opportunity,” he stated emphatically.
Cathie Wood, CEO of Ark Investment Management, predicted a multibillion-dollar market for the digital realm. Similarly, Grayscale Investments, a crypto asset management, predicted a $1 trillion economic opportunity.