Bitcoin holds as Zhu Su says crypto could top Big Tech

Zhu Su says crypto could outperform Big Tech: what it means

As of February 14, 2026, Zhu Su, co-founder of Three Arrows Capital (3AC), signaled that cryptocurrencies could outpace Big Tech over the next few years. The remark centers on the Magnificent Seven stocks and the prospect that crypto’s adoption cycle may accelerate amid evolving policy and market structure.

The timing matters because digital-asset market structure now includes mainstream access via spot Bitcoin ETFs and clearer compliance pathways in major jurisdictions. According to BlockBeats News, Zhu framed his view in a post earlier today, drawing attention to relative performance drivers across tech and crypto (https://www.bitget.com/news/detail/12560605200141).

Why cryptocurrencies might outperform the Magnificent Seven stocks

Relative performance hinges on where incremental liquidity, regulatory clarity, and institutional demand converge. Crypto’s bull case emphasizes improving access channels and potentially differentiated macro behavior compared with earnings-driven Big Tech leaders.

Zhu’s thesis has been presented as a directional view on multi-year flows and policy trends, not as a guarantee. “Cryptocurrencies may significantly outperform the Magnificent Seven (Mag7) stocks in the coming years,” said Zhu Su, co-founder of Three Arrows Capital.

Market positioning offers one comparative lens. As reported by CoinDesk, derivatives signals around the Magnificent Seven, including shifts in put-call skew, have pointed to rising caution about near-term tech leadership (https://www.coindesk.com/markets/2025/11/04/bitcoin-s-last-support-before-usd100k-breaks-as-mag-7-skew-flips-oracle-cds-surges). If tech multiples compress or growth expectations cool, alternative risk assets could gain relatively, though outcomes remain uncertain.

Immediate context: Bitcoin (BTC), spot Bitcoin ETFs, regulatory clarity

A core mechanism for incremental participation is the U.S. spot Bitcoin ETF complex. According to AInvest, recent ETF outflows reflect de-risking, but the publication highlights Zhu’s “regulatory moat” framing and argues that comprehensive legislation could catalyze sizable institutional allocations, with scenario estimates reaching tens of billions of dollars by mid-2026 (https://www.ainvest.com/news/zhu-su-crypto-moat-thesis-flow-data-tech-performance-2602/).

Regulatory messaging is another near-term variable. Based on Yahoo Scout, ongoing policy discussions around a proposed “Clarity Act” have been characterized as potentially consequential for resolving treatment of digital assets in the U.S., though legislative outcomes are not assured.

At the time of this writing, Bitcoin (BTC) trades around $69,798, with sentiment characterized as bearish and 30-day volatility described as very high; momentum gauges sit near neutral, based on data from Bitget (https://www.bitget.com/amp/news/detail/12560605200147). These conditions underscore how quickly narratives can shift if flows or policy headlines change.

Risks, counterpoints, and near-term signals to monitor

Crypto’s path to outperformance is sensitive to regulation, macro liquidity, and risk appetite. Magnificent Seven earnings durability, AI-driven capex returns, and policy shifts can all alter relative trajectories.

Volatility remains very high; sentiment neutral-to-bearish per Bitcoin metrics

Observed volatility remains elevated and sentiment readings are not decisively bullish, which historically magnifies drawdown risk. Any reversal in ETF flows, liquidity tightening, or enforcement actions could quickly pressure prices.

Three Arrows Capital history informs reception of Zhu Su’s claim

Audience skepticism is shaped by 3AC’s legacy and its role in prior market dislocations. As noted by PANewsLab, the fund’s outsized influence during the last cycle and subsequent fallout continue to color how investors weigh Zhu’s views (https://www.panewslab.com/en/articles/kx8b15at).

FAQ about Magnificent Seven stocks

Why might cryptocurrencies outperform the Magnificent Seven over the next few years?

Improving access via spot Bitcoin ETFs, potential regulatory clarity, and shifting tech valuations could redirect incremental flows toward crypto.

How do spot Bitcoin ETF inflows and outflows influence crypto prices and adoption?

They change net demand, affecting liquidity and signaling institutional participation, which can influence both short-term pricing and longer-term adoption.