Eric Sheridan, an analyst at the global investment bank Goldman Sachs, called the emerging metaverse industry capable of generating multi-trillion-dollar profits.
Sheridan shared his forecast in the latest issue of Exchanges at Goldman Sachs on the investment company’s YouTube channel. The issue was titled “Understanding the Metaverse and Web 3.0”.
The authors asked Sheridan’s opinion on how much potential the metaverse has as a business project. The analyst replied: in terms of revenue and monetization, the metaverses collectively have the potential to bring in about $8 trillion to their creators:
“We are following the digital economy, which already now accounts for 20-25% of the global one and continues to grow. At the same time, both inside and in parallel with the digital economy, a virtual economy will develop. According to our data, it is capable of bringing in from $2 to $12 trillion,” the analyst said.
Last November, a similar forecast was made by Morgan Stanley, a competitor to Goldman Sachs. Investment bankers have said that the metaverses have the potential to collectively bring in $8 trillion to their creators. The Metaverse is also considered by Bank of America as a promising business concept – Bank of America strategist Chaim Israel noted that in a world where cryptocurrencies are widely used, the Metaverse has great potential for entrepreneurship.
At the beginning of last year, Goldman Sachs COO John Waldron said that the interest of the bank’s customers in cryptocurrencies is growing rapidly.
