Goldman Sachs Sees the Metaverse as $8 Trillion Opportunity

By Kevin Helms

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 multitrillion-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 prediction in a recent “Exchanges at Goldman Sachs” episode, titled “Understanding the metaverse and web 3.0.”
He was asked about the evolution of the metaverse ahead and how big the potential opportunity could be. The analyst replied:
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,” the analyst described.
“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,” he clarified.

Several people have estimated the potential size of the metaverse. Rival investment bank Morgan Stanley similarly predicted in November last year that the metaverse is an $8 trillion market opportunity.
In December, Bank of America’s strategist, Haim Israel, said that the metaverse is a massive opportunity where cryptocurrencies will be widely used as currencies. “I definitely believe this is a massive, massive opportunity,” he stressed.
Meanwhile, the CEO of Ark Investment Management, Cathie Wood, said the metaverse will be a multitrillion-dollar market, and crypto-asset manager Grayscale Investments said the metaverse is a potential $1 trillion business opportunity.

Tags in this story

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

Kevin Helms

A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Read disclaimer

More Popular NewsIn Case You Missed It

Rich Dad Poor Dad’s Robert Kiyosaki: Bitcoin Is Crashing, Will Buy When BTC Tests $20K

By Kevin Helms

The author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, says he will buy more bitcoin if and when the price of the cryptocurrency tests $20K. He noted that bitcoin’s price crashing is “great news,” adding that the “Time to get richer is coming.”
Robert Kiyosaki Plans to Buy More Bitcoin
Robert Kiyosaki, the author of Rich Dad Poor Dad, tweeted Sunday about the price of bitcoin and when he will buy more BTC.
Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the book have been sold in over 51 languages across more than 109 countries.
Kiyosaki wrote:
Price of bitcoin [is] crashing. Great news. I bought BTC at $6K and $9K. I will buy more if and when BTC tests $20K. Time to get richer is coming.
He added that silver is the best bargain today, emphasizing, “Silver [is] still 50% below high.”

Kiyosaki has been warning about a major crash for many months. In December, he said: “Crash and depression [are] coming. Gold, silver, bitcoin, real estate will crash too.” In November, he warned about inflation, adding that he plans to buy “more gold, silver, bitcoin, ethereum, rental real estate, and oil.”
The famed Rich Dad Poor Dad author said in June last year that the largest bubble in the world’s history is getting bigger, tweeting: “Biggest crash in world history [is] coming … Waiting for bitcoin to drop to $24K.” In October, he advised investors to prepare for a giant crash followed by a depression, adding: “Be smart: Buy, gold, silver, bitcoin.”

Tags in this story

What do you think about Robert Kiyosaki’s bitcoin comments? Let us know in the comments section below.

Kevin Helms

A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Read disclaimer

More Popular NewsIn Case You Missed It