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Bitcoin and Blockchain Aren’t Investible Yet, Canada Pension Says

  • CPPIB has 100 people watching the space carefully, Machin says
  • Machin says in speech that Blockchain technology is sound
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BOC's Wilkins Says Cryptocurrencies Aren't Currencies

Mark Machin, the head of Canada Pension Plan Investment Board, said he doesn’t think the bitcoin and blockchain space is “investible” yet, but the country’s largest pension fund is monitoring it with interest.

"We’re watching it,” Machin said in a speech Monday. “I don’t think it’s institutionally investible yet. It’s really early days and there’s going to be lots of disruption." He said CPPIB has more than 100 people at its offices in Toronto watching the space carefully.