Any issue with using 16 gauge speaker wire for powering LED light strips?

I have a roll of this speaker wire, if I'm powering regular 12v and/or 24v LED light strips, (non-RGB, only has 2 wires), is there any issue using it? It's a thicker gauge than the normal wiring used.

I’m thinking the farthest run might be 30 feet or so from the power supply.

Any issues with this in regards to voltage drop or resistances?