With investors and big tech pouring money into the metaverse, some say the market could eventually be worth trillions.
In fact, according to Goldman Sachs, we could be looking at an $8 trillion opportunity.
“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,” according to analyst Eric Sheridan, as quoted by Bitcoin.com. “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.”
Even Bank of America’s Haim Israel said the metaverse could be a “massive, massive opportunity,” as also quoted by Bitcoin.com. If that’s the case, it could be a powerful catalyst for companies such as Tokens.com Corp. (NEO:COIN)(OTCQB:SMURF), Coinbase Global Inc. (NASDAQ:COIN), Meta Platforms Inc. (NASDAQ:FB), Galaxy Digital Holdings Ltd. (TSX:GLXY)(OTC:BRPHF), and Microsoft Corp. (NASDAQ:MSFT).