GOLDMAN SACHS SEES THE METAVERSE AS AN INVESTMENT OPPORTUNITY WORTH $8 TRILLION IN MARKET CAPITALIZATION

Global investment bank Goldman Sachs has predicted that the metaverse could be an $8 trillion market opportunity in the future.

 

That is the view of analyst Eric Sheridan of Goldman Sachs. He explained the bank's metaverse vision in a panel titled "Understanding the metaverse and web 3.0" last week. When asked about the growth of the metaverse ahead and how great the potential opportunity could be. Eric Sheridan commented as follows:

 

“We think this could be an $8 trillion opportunity in terms of revenue and monetization. We look at today's digital economy, which accounts for between 20% and 25% of the global economy. As they continue to grow, there will be a huge turning point.”

 

In fact, the adoption and participation in the NFT space, the metaverse is increasing wildly in every field within just 3 months since Facebook changed its name to Meta , laying a solid foundation for the boom. of the trend. May be mentioned as:

 

– Sports and high-end fashion : NIKE , adidas , Under Armor , Prada , Gap , Gucci .

 

– Food and beverage : Coca-Cola , Pepsi , Budweiser .

 

– Technology : Meta, Microsoft , Samsung , Amazon , Walmart , Ubisoft , Square Enix , NVIDIA , PwC .

 

– Country : Japan Metaverse Association , Shanghai city (China), Korea .

 

Exchanges : Gemini ( raising $400 million), KuCoin (setting up a $100 million fund), FTX and Binance.US to join Solana's metaverse (SOL), Huobi and Coinbase all planning to join the air time.

 

However, Goldman Sachs is not the only "big man" to make such a confident argument. Previously, rival investment bank Morgan Stanley made a similar prediction last November that the metaverse would be the next big trend in the crypto market.

 

Next in December, the second largest bank in the US, Bank of America, which has repeatedly criticized Bitcoin in the past, also admitted that the metaverse will be a "huge" investment opportunity in the future . At the same time, the bank is “optimistic” about Bitcoin, Ethereum, DeFi and NFT after first accepting Bitcoin futures trading , as well as supporting the potential benefits of Bitcoin law in El Salvador.