CPPIB and GIC still sceptical on cryptocurrencies
Despite some evidence of rising asset owner interest in the likes of Bitcoin, two large institutional investors have their doubts about investing directly into such assets.
Digital money may well be the future but some of the world’s largest investors don’t invest in cryptocurrencies, and the development of central bank digital currencies may be a key reason for that.
Canada Pension Plan Investment Board (CPPIB) and Singapore sovereign fund GIC, holding an estimated $800 billion in assets between them, remain unconvinced of the benefits of Bitcoin and its peers, going by recent comments from two of their top executives.
Alain Carrier, CPPIB
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