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Metaverse might be an USD 8 trillion industry: Goldman Sachs

Goldman Sachs, a global investment firm, has forecast that the metaverse might have an USD 8 trillion potential. In a recent “Exchanges at Goldman Sachs” program titled “Understanding the Metaverse and Web 3.0,” Goldman Sachs expert Eric Sheridan outlined the bank’s metaverse projection.

The analyst stated that the virtual current economy accounts for around 20 percent to 25 percent of the world economy. So, we observe a virtual economy blooming along with the digital economy. “That’s how we arrived at the amount for possible outcomes ranging from USD 2 trillion to USD 12 trillion, with USD 8 trillion representing the midpoint of all probable outcomes,” he further explained

The metaverse’s potential size has been calculated by several individuals.

  • Morgan Stanley, a competitor investment firm, forecast last year that the metaverse represents an USD 8 trillion market potential.
  • Haim Israel, a strategist at Bank of America, stated in December that the metaverse is a big potential where crypto would be extensively utilised as currencies.
  • Cathie Wood, CEO of Ark Investment Management, believes the metaverse will be a multi trillion-dollar industry.
  • Grayscale Investments, a crypto-asset manager, believes the metaverse is a possible USD 1 trillion economic opportunity.

On the income and commercialization front, the metaverse’s future evolution might have a huge potential. What are your thoughts on it?

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