Colorado Vacations – Crested Butte – Hike and Bike That Mountain! Ski It Too! Crested Butte is a mountain biking mecca, and is also home to some of the world’s best hiking, fishing, skiing and snowboarding. Plus, the annual 4th of July Parade is as eclectic and fun as it gets! We have great tips for visiting this quaint, old mining town so you can plan the quintessential vacation.