According to Goldman Sachs’ prediction, the metaverse is potentially an $8 trillion opportunity. Eric Sheridan, an analyst of Goldman Sachs, explains the prediction during a recent episode of “Exchanges at Goldman Sachs” entitled “Understanding the metaverse and web 3.0.” Someone asked Sheridan about the possible growth and evolution of the metaverse, particularly how big of an opportunity it could pose.
In response, the analyst replied, saying that they believe the opportunity could go as high as $8 trillion “on the revenue and monetization side.”
Goldman Sachs isn’t the only company to predict the metaverse’s potential opportunity. Morgan Stanley, Goldman Sachs’ rival investment bank, also made a similar estimation in November 2021, saying that the metaverse could potentially offer an $8 trillion market opportunity.
Haim Israel, the strategist for Bank of America, said in December 2021 that the metaverse is an incredible opportunity wherein crypto assets could be used as currencies. On the other hand, Cathie Wood, the CEO of Ark Investment Management, predicts that the metaverse could be a multitrillion-dollar market. Meanwhile, Grayscale Investments predicts that it could be $1 trillion.
