In recent months, companies such as MicroStrategy and Tesla (NASDAQ:TSLA) have picked up sizable positions in Bitcoin. This trend has not yet become the norm for most companies, however. Damien Vanderwilt, co-president of Galaxy Digital, believes security and taxes may be acting as deterrents for crypto investing.
"When we think about the conversations we have with corporates, and institutional clients, and any part of those constituencies considering investing in the sector, the first order problem is safety and are the assets that they're buying going to be safe and available and secure,” Vanderwilt told Bloomberg in an interview on Thursday.