Dmytro Kharkov

Fred Krueger: Analyst revises view from sell to accumulate on weakness

Fred Krueger: Analyst revises view from sell to accumulate on weakness
Analyst updates rating to accumulate

Alex Thorn from Galaxy is preparing to publish a 12-page research note titled “Revisiting Our Framework.” According to Fred Krueger, Thorn’s view shifts from a “sell” to a “market perform” rating and then, two weeks later, to “accumulate on weakness”—all while using the same charts and data but with a revised conclusion.

The appendix of Thorn’s note reportedly explains the reasoning behind the changing market perspective.

Krueger recently highlighted Sofi's launch of integrated Bitcoin banking, noting the ease of setting up accounts and completing a seamless $200 Bitcoin transfer. He has also argued that multi-signature custody can help prevent wrench attacks, outlining safer ways to store Bitcoin assets. These previous remarks provide additional context on his ongoing focus on security and user experience in the digital asset space.

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